Moderna Unveiled Promising Coronavirus Vaccine Results. Then Top Execs Dumped Nearly $30mn of Stock

-


The sales occurred after Moderna (MRNA) excited Wall Street before markets opened Monday by announcing encouraging vaccine trial results. Moderna's market value swelled to $29 billion -- even though the company has no marketed products.

Image: CNN
Image
Moderna's stock price skyrocketed as much as 30% on Monday after the biotech company announced promising early results for its coronavirus vaccine. As ordinary investors piled in, two insiders were quietly heading for the exits.
Moderna's chief financial officer and chief medical officer executed options and sold nearly $30 million of shares combined on Monday and Tuesday,
The sales occurred after Moderna (MRNA) excited Wall Street before markets opened Monday by announcing encouraging vaccine trial results. Moderna's market value swelled to $29 billion -- even though the company has no marketed products.
After spiking to as high as $87 on Monday, Moderna's stock price has since retreated below $70 as medical experts have debated the importance of the early findings.

Comments

Post a Comment

Popular posts from this blog

How to Learn Data science from scratch

-
Someone asked me recently how he could get the knowledge and the skills necessary to become a Data Scientist. There are different ways to learn data science, go to university, follow a bachelor or master in data science, get into a Bootcamp program, or learn it by yourself. Nowadays a lot of material is available on the internet, often for free, to learn the skills necessary for Data Science. There are three primary skills needed for Data Science 1) A programming language used in the data ecosystem, typically one of Python/R or Scala 2) SQL, for data manipulation and extraction, and 3) Statistics & Machine Learning. Python Assuming this is your first programming language, Python is an excellent language to learn. It is a general-purpose programming language with a broad ecosystem of data libraries. It is also relatively straight forward to learn and is often taught in introductory classes for computer science. It is good to start with a general introduction to computer science, rat
Read more

TikTok's ratings went upto 4.4 stars on Play Store after Google removed 8 million negative reviews

-
Image
From a disappointing 1.2, the ratings of TikTok have moved up to 4.4 after Google removed over 8 million negative reviews from the Play Store. Looks like TikTok has resumed its throne on  Google Play Store . From a disappointing 1.2, the ratings of TikTok have moved up to 4.4 after Google removed over 8 million negative reviews from the  Play Store . TikTok's ratings fell drastically after a post glorifying acid attack on woman went viral on the app. Not just the ratings on Play Store, Hashtags pressing TikTok to be banned and India against TikTok also started trending on Twitter. As per comment posting guidelines, Google can remove negative comments and ratings. A Google spokesperson told the  Gadgets 360  without specifically mentioning TikTok that actions are taken against inappropriate ratings when it is a case of spam abuse. "Play Store ratings enable users to provide helpful feedback about their experience with apps and content, for the benefit of others to make informed
Read more

Facebook CatchUp is new group calling app, 5 things to know

-
Image
Social media giant Facebook had announced a newgroup-calling app called the CatchUp. The CatchUp would allow users to set up group calls with up to 8 people. Social media giant Facebook had announced a new group-calling app called the CatchUp. The CatchUp would allow users to set up group calls with up to 8 people. However, there is a catch, it is not a video calling app but an audio-only app. The app is being developed by Facebook NPE. For video-calling services, Facebook had earlier released a  Messenger Rooms  app that can allow up to 50 people to connect in a single call. However, this is Facebook's first audio-only application. Talking about the CatchUp app Facebook had said in a blog post, "Keeping in touch with friends and family is important, especially during this time of physical distancing. Messaging and video calls are great ways to send a quick update or connect with someone face-to-face, but speaking to someone over the phone offers a unique balance of both conve
Read more