Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Moderna Sinks on AstraZeneca Covid-19 Vaccine Progress, JPMorgan Downgrade

Published 07/20/2020, 09:53 AM
Updated 07/20/2020, 10:26 AM
© Reuters.

By Christiana Sciaudone

Investing.com -- Moderna (NASDAQ:MRNA) dropped 14% after AstraZeneca (NYSE:AZN) and Oxford University said their vaccine candidate showed promise.

The AstraZeneca-Oxford vaccine, AZD1222, is safe and produced an immune response in early-stage clinical trials in healthy volunteers, Reuters reported, citing data from The Lancet. No serious side effects were reported.

JPMorgan (NYSE:JPM) downgraded Moderna, which is working on a separate vaccine candidate, today on a high valuation, to neutral from overweight, The Street reported. Analyst Cory Kasimov boosted his one-year price target to $89 from $60.

Moderna has surged in recent months on vaccine news, quadrupling to more than $80 since March.

Moderna’s vaccine, mRNA-1273, elicited antibodies in all people tested in an initial safety trials, Bloomberg reported last week, though there was a high rate of side effects, with three of 45 people facing severe reactions. Moderna should begin a Phase 3 trial on July 27, The Street said.

Latest comments

typical US stock market🎈 biggest bubble ever 🎈
If it's a good company this is a chance to add more shares, and if it's not a good company then never should have bought...it's that simple really
Shut up JPM!
This dude is karen
His move costed me a lot
 lol, love the spread of Karen
lots of hype and self promotion, market keeps falling for it...show me the money
Lol
there will never be a cure. its all political. there is no magic bullet for rhe common flu. there won't be one for this either. its will go away and we live with it
any vaccine is a long way away unless we fast track it and skip important safety testing. new info suggests antibodies dont hang around long making this at least an annual inoculation... at least. the vaccine news will ****a lot of money in that will vanish. we neveR found a vaccine for the original SARS... FYI. be wary.
Dont matter, ur tcell remembers.
Even ur antibodies go away, ur immune now has experience to fight the virus.
that's right, tcells are the key
vaccine news everyday to boost market.
Amazon up on covid fears ???
Just Overdose: If a vaccine produces 4x the needed antibodies, like Moderna. They can reduce dossage.
No matter what happens, just buy!!!
These vaccines will have long term effects...
Side-effects
only if they damage other organs because ur body react v iolently to the weaken or dead virus.
how do you spell exploitation of the sick?
So vaccine is available very soon...maybe within  one month.
If ur immune system over react, it attacks ur body.
Bill Gates says best we can hope for is around 700,000 dead from this vaccine. No such thing as "all" will be safe
Bill Gates says best we can hope for is around 700,000 dead from this vaccine. No such thing as "all" will be safe.
Both Are down short at will
Moderna dropped due to the JP Morgan downgrade to neutral from overweight.
Covid-19 Vaccine is a roulette game
Russian rooulette i guess bit on the wrong stock and u r a dead meat. e
that's right
Hmmm.....u sure the J.P. Morgan foengrade had nothing to do with that?
*downgrade
*downgrade
Yeap..Thanks Sean.
how about gold future
Market has overbaked in vaccine hopes
everyone will sink lol
Why is azn sinking?
Selloffs
Selloffs from sell the news strategy; buy the rumor, sell on the news
we should close above 61$ today anyway.
AZN also sinks...
So moderna sinks because of that smh
Sell The news strategy
Is it going to come back up?
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.