© SOPA Images/LightRocket via Getty ImagesModerna was last year’s third-best-performing stock in the S&P—now it's this year’s worst.
Moderna stock fell 4.4% Friday to an eight-month low of $160, pushing shares down more than 20% over the past week amid growing research suggesting Moderna's Covid-19 booster, while very effective against previous strains, has been less effective against the rapidly spreading omicron variant.
Though the number of Covid infections has spiked amid the omicron-spurred wave of the pandemic, the Centers for Disease Control and Prevention said Friday that Moderna and Pfizer boosters were 90% effective at preventing people infected with the new variant from being hospitalized.
Speaking to Yahoo Finance on Thursday, Jefferies analyst Michael Yee said the "overly high expectations" set last year, as Moderna's Covid-19 vaccine became widely available to the public, will "lead to challenges . . . as people digest" what's next for the firm beyond Covid vaccines.
Yee said the recent stock drawback has helped put Moderna's valuation in line with other biotechnology competitors, but he warned analysts increasingly expect Covid vaccine sales — currently Moderna's sole revenue source from a commercialized product — will fall over the next few years as the pandemic becomes endemic and competition heats up among treatment and prevention options.
Moderna's stock plunge has pulled prices down so much that Bank of America analyst Geoff Meacham told investors in a Friday note that its valuation is now "back to earth" after its meteoric rise during the pandemic.
Meacham said he's now focused on the company's pipeline beyond Covid (Moderna is also developing a flu vaccine), pointing to the firm's massive $17 billion in cash as a source of "strategic" opportunity.
In a Friday note, UBS analyst Eliana Merle was more optimistic about Moderna's prospects, calling its mRNA technology a disruptive force in the $35 billion annual vaccine market and saying its success with Covid-19 suggests a high likelihood of success for other vaccine targets.
Shares of Moderna have plunged 67% from an all-time closing high of $484 on August 9, wiping out about $133 billion from the firm's market capitalization, which now stands at roughly $65 billion.
Though it skyrocketed 143% to land the S&P 500's third-best gain in 2021, Moderna stock has plummeted 35% this year — even worse than Netflix, which is down 32% after a steep 20% plunge Friday following a disappointing earnings report. To compare, Devon Energy and Marathon Oil, last year's top- and second-best-performing stocks in the S&P, have climbed 7% and 11% this year, respectively.
$5.3 billion. That's how much Moderna CEO Stéphane Bancel, who joined the firm in 2011, is worth Friday, according to Forbes. The French native owns a roughly 8% stake in Moderna and was at one point worth more than $12 billion.
Founded in 2010, Cambridge, Massachusetts-based Moderna spent nearly a decade developing the technology for its messenger RNA vaccines, which tell the body to produce part of a pathogen to trigger an immune response — unlike traditional vaccines that instead use a piece of the pathogen. Once the pandemic hit, the company doubled down on the efforts and filed for an emergency use authorization for its Covid-19 vaccine in November 2020. The shots have proven to be a massive boon for businesses heading up their development, but Moderna shares have struggled in recent months as critics increasingly question whether or not sales of Covid-19 vaccines alone will prove a viable revenue stream in years to come. In November, the company reported third-quarter sales and earnings that failed to meet analysts' expectations, with revenue falling short of $5 billion, despite average analyst projections calling for $6.2 billion. In addition to lower sales projections, supply chain constraints and the development of antiviral Covid-19 treatments have also dented investor sentiment — and triggered Moderna stock selloffs.
Moderna is expected to report fourth-quarter earnings by the end of February.
Jonathan Ponciano - I'm a senior reporter at Forbes focusing on markets and finance. I graduated from the University of North Carolina at Chapel Hill, where I double-majored in business journalism and economics while working for UNC's Kenan-Flagler Business School as a marketing and communications assistant. Before Forbes, I spent a summer reporting on the L.A. private sector for Los Angeles Business Journal and wrote about publicly traded North Carolina companies for NC Business News Wire. Reach out at jponciano@forbes.com. And follow me on Twitter @Jon_Ponciano
Reader Comments
OceanThe Living ForceToday at 11:46 AM #25,750
I'm seriously disturbed by this and it takes a lot to rattle me anymore.
When they blatantly drop the veil so everyone can see, knowing most won't see, it's chilling. [Link]
Chilling is correct. And most will not see, correct. Double chilling.
Surveillance capitalism and the digital economy, cornerstones of the New World Order agenda, cannot exist without microchips. It will be only with those that the trans-man will be able to pay, access their services, take advantage of their rights. Only with the microchip will it be possible to have access to the New World, to be recognized as part of the New Normality in which every single movement, internal and external, will be faithfully traced and recorded on the databases owned by the globalist masters. The advanced technology microprocessors will be the thread that will keep us tied to the company they are building for us, and to which we will be admitted, or excluded, at the sole pleasure of our masters. For this reason, semiconductor production must be fully operational, and Ursula von der Leyen, president of the European Commission, was clear at the first Davos forum in 2022:
" By 2030, 20% of microchip production [global ed.] Must be in Europe. Bear in mind that world production will double: this means quadruple current chip production. We have no time to waste "[...]
In February, the Commission will present the Chip Act, to strengthen the production capacity of microchips and will include changes to the rules of state aid to set up factories for production in the European Union. [...]
Europe cannot afford to depend on others for microprocessor supplies, demand for semiconductors around the world is exploding, microchips are everywhere today, there is no digital economy without microchips and the EU's needs will double in ten. years "
The Chip Act will be an incentive plan for the production of European microprocessors. For now, the most cutting edge company is the Dutch Advanced Semiconductor Materials Lithography (ASML) of Eindhoven, visited by von der Leyen last November. But are they really European products?
To look at the shareholders of the company, it does not seem at all: in addition to the now well-known speculative giants of globalism Vanguard, BlackRock and Norges Bank, the main shareholder at 9.57% is Capital Research & Management Company, a fund of Capital Group Companies of Los Angeles, which also has very high percentages in Enel and Unicredit. And that's not all: the giant Nvidia, developer and manufacturer of high-tech processors, owned by guess who? Vanguard, Fidelity, State Street, BlackRock through the usual game of matryoshkas. And it was Nvidia that was targeted by the European Commission for trying to acquire the British company ARM Holdings in October for 40 billion dollars - which grants intellectual property licenses for processing units, in particular to semiconductor chip manufacturers and developers of Systems-on-Chip - to take full control of microchip projects, markets and licenses.
The picture is clear: they want to brand us all by 2030, and the globalist giants are already moving their capital in this direction, even if they hide behind fake competition.
Again from Ocean's post: OceanThe Living ForceToday at 11:46 AM #25,750
From link above: "I'm seriously disturbed by this and it takes a lot to rattle me anymore. When they blatantly drop the veil so everyone can see, knowing most won't see, it's chilling."
I didn't know it was from Lord of the Rings..
From Quora: [Link]
Question: What does "and in the darkness bind them" mean from The Lord of the Rings? X3 answers here:
#1 Originally Answered (5 years ago): What does "and in the darkness bind them" mean from Lord the Rings?The creation of the One Ring wasn’t just a single act of creation - it also drew upon and combined the power of all the other Rings of Power.One Ring to rule them all, One Ring to find them, One Ring to bring them all and in the darkness bind them.
In the Land of Mordor where the Shadows lie.The three elven rings - Narya, Vilya and Nenya - were created by Celebrimbor, and were things of goodness, to be used by the elves to preserve and protect. But when Sauron created the One Ring, he used his magic - the magic of darkness, of shadow, of fear - to bind them together, and twist their fates to its own.Narya, Vilya, Nenya - they predated the One Ring but were retroactively bound to it by SauronIt wasn’t called the One Ring because it was the best, or the strongest; but because once it was made, it was the ruler of all other magic rings - whether they were made before or afterwards.Compare when Saruman tried to make his own Rings of Power. It was destined to be folly - because the One Ring would always be their master.When Sauron’s ring was destroyed, the other rings faded in power. Their own strength was bound, inexorably, to the fate of the One Ring.
#2 Answered: What does "and in the darkness bind them" mean from Lord the Rings? These words in the Ring inscription mean that the bearers of 3 rings of the Elves, 7 rings of the Dwarves, and 9 rings of Men would be bound to the will of Sauron, bearer of the Ruling Ring.
#3 Answered: What does "and in the darkness bind them" mean from Lord the Rings? That the One Ring would control who had the other rings, and darkness would desend with his rule and cover the land, making all of Middle Earth subject to his rule.
The cost of a barrel can reach 150 dollars.
"Recent geopolitical tensions between Russia and Ukraine increase the risk of a significant hike this quarter," analysts said.
According to experts, if the price of oil reaches the indicated level, the growth rate of world GDP (which has already fallen against the background of the pandemic) in the first half of the year could fall to 0.9 percent (now it is expected to grow to 4%). , 1 percent).
Inflation in such a scenario could almost double, to 7.2 percent instead of the expected 3 percent.
This will force the central banks of the countries of the world to further tighten their monetary policy.
[Link]
"The oil turmoil has triggered a cyclical downturn in the economy more than once in the past," explained JP Morgan.
The specialists added that they did not take into account in their predictions the impact of a possible military conflict between Ukraine and Russia on the financial market, as well as the consequences of possible US sanctions against Moscow, which Washington has been threatening for several months, even though the Kremlin has repeatedly stated that the invasion of Ukraine is a hysterical fantasy, Western media and politicians.
British Prime Minister Boris Johnson was not wrong. Extraordinary tactician, this Homer fan in the text, suddenly overturned all the stupid measures and restrictions presented as sanitary. No experimental vaccination requirements, no need to wear human paper or cloth muzzles, no fake PCR tests, and no QR pass codes or other identity markers.
Britain is suddenly free. The world should rejoice, but the real reasons for this sudden change of attitude even within the House of Commons are not linked to any healthy awareness but rather to a change of strategy.The COVID operation failed. Make way for a war against Russia. British SAS commandos are deployed a few kilometers from the Russian border. Simple defensive measure.The further we advance towards Moscow and St. Petersburg, the more we demonstrate NATO's defensive calling to the world.On the contrary, the Austrian government has just made experimental vaccination compulsory in the name of freedom and totalitarian atavism. The population is vehemently opposed. It is a sanction against their own population.
Still in the context of surrealism, the Australian Defense Minister has just said without fear of ridicule that "the world must reject threatening countries and dictatorships".
What do we need to understand from all this? Is this a new diversion? Certainly. For what purpose? Keep the circus and prevent people from opening their eyes to a reality that is not very nice to see. The myth must be kept. The old world must be kept from illusion and threat, from false crises. There is no longer a true political economy. There are only professional scammers left. There are no longer efficient educational systems but factories of false consent and ego engineering.
Terrorism no longer exists, COVID is no longer mobilizing, it is therefore necessary to keep the plebs in constant fear with other issues. Not an easy task in these times of double-digit inflation. A war in Eastern Europe with a bonus is too dangerous a business. The anti-Russian clamor has brought Russia closer to China and Iran. During a recent meeting between the heads of diplomacy of the Islamic Republic of Iran and the Russian Federation, Iranian officials called on Russia to resist as they have for four decades. In North Korea, Pyongyang says the empire is pushing its limits and it's time to teach it a lesson. The world has changed but some minds remain stuck in an ideology from another era and are unable to adapt to the changes taking place.
The terror remains. This can only be maintained through mass manipulation. A manipulation that reveals the extent of compromise to the world. The compromise of the states confirms the total loss of sovereignty of almost all the countries of the world. The true geopolitical map of 2022 is more restrictive than that of 1922 or the era of large colonial groups. In this case, there is only a superset of a solid color in front of three or four states at most.As in the iconic Italian film "The Good, the Bad and the Ugly" (1966), one of the best spaghetti westerns ever produced, we witness a frantic grotesque circular race in the middle of a cemetery whose graves are arranged like the stands of a ancient amphitheater.
This is not an analysis. It is an observation. Few people will forgive the fact that they have been fooled continuously for years. The deception of 2020, which strikes in its universal aspect, shows us the existence of an unrecognized architecture of shared lies within the structure of international relations. This aspect is based on the notion of a common interest more or less dependent on fear or greed. In both cases, human livestock is just a resource to be manipulated more or less grossly. After all, he also needs to be fed and trained for various uses, one of which has become boring. Cannon fodder is in short supply not because of a lack of indoctrination or imbecility, but because the species is no longer fit for war. Hence the obsession with replacing the human element,
Terror as a tool for collective psychosisThe electoral farce is dead. We no longer keep it except to cheat and give us an equally false legitimacy. Democracy never lived. Even in ancient Greece, fraud was the only recognized norm (this fraud is attested by archaeological finds). There are nothing but talkers trying to grab the attention of the population, even killing the time of the residents of retirement homes.
The great comedy of 2020 will never be forgiven: if the manipulation of COVID was so successful in 2020, another historical lie was entirely possible in 1969. And many more. The mass of idiots will never dry up. And by definition we are all idiots to have been the turkeys of such a big, so flagrant, so big joke… By some form of flu! Damn ! We have forgotten that the flu kills!
Universal lying is necessary for the maintenance of human institutions. It also allows some billionaires to multiply their wealth. But please don't repeat this absurd circus that we are witnessing, half amazed, half stunned, from 2020. This circus will, however, have the merit of discrediting medicine and science, which have become ideological and dependent on well-founded low interests.
Speaking of the devil, Bojo's reason for suddenly overturning the restrictions may not have been so Homerically noble.
As far as I can see it was far more to do with his very urgent and very desperate need to find a major diversion from the discovery of all the secret parties he'd been host to at No.10 ...whilst the rest of the nation was locked up at home and, on pain of fines and prison, were not allowed out to consort with anyone.
Most Brits don't give a toss about Russia and former soviet client states.
You're 100% right about the fraud of 'democracy' and the manufactured perpetual terror show though.
As re 'democracy', do you read AA? He often comments on such, usually tounge firmly in cheek. [Link]
RC
Thanks muchly for the link. I'd never even heard of AA and his site...a delight to be sure!
Here's the first link from there that I followed: [Link]
Who knew that thousands of NHS staff were actively protesting outside No.10 against gvt vaxx mandates? Good on them.
S o far on MSM I've counted 3 (THREE) NHS doctors who've been allowed to very mildly state their case against the vaxx. There turns out to be hundreds of thousands of NHS staff revolting against the mandate...who knew?? Absolutely nothing in MSM.
This is the very epitome of censorship.
My social media life is minimal....SOTT, another forum I've frequented for c. 20 yrs and, over the past couple years, yt. I got a commenting ban there last year for 6 months too. They seem to have let me back on after this brief second fit of censorship. And I'm not saying anything different or more rowdy that I say here. It's just simple 'emperor has no clothes' stuff. Plain truth from first hand experience.
Yep. I know a bit about 'democracy' and its deliberate quashing. It's getting serious now.
Also great: but not for the comments are Global Research [Link] & WRH [Link] .
Glad to assist.
RC
Communism was made by Jews and financed by Jews, but they LOST to conquer Russia. after 75 years of various genocides ....
The United States of America, from the inside and from its inception, have been conquered by the Jews, until today, they are the MASTERS of that kind of Nation made up of a mixture of ethnic groups coming from the Whole World (the original natives were all exterminated) but they define themselves DEMOCRATS, indeed: the MOST GIANT DEMOCRACY OF THE PLANET EARTH,
ditto for Israel: "the only Democracy in the Middle East" .....
It seems that in the United States, as usual, a Fuck is interested in HISTORY ............, its population, in general, is made up of System Zombies, just to survive on a few bucks, and "all happy".................
If "american" people do not LEARN the History, WELL:
I can't do nothing........................
RC
Geography, History, etc.:
even loving his country, which I visit very often since 1977, its population is just a MASS of ZOMBIES never seen before
OLDFART if read my words, will BAN ME TO VISIT those NAZI. CONTINENT
RC
RC
oldschoolrider scams by scum.
RC
Make it payable to the Canadian Truckers gofundme page haha.
Whilst typing in ReRan my phone tried to auto correct to Rear end, lucky I caught it. Apologies on behalf of my government listening device! Smartphone my ass
Love the smell of a freshly baked loaf!
Your a filthy* legend my friend! I’m so glad we are digitally acquainted my friend, you always make me smile man 😎✊👌🙏🙂
And filthy is just the opposite. As in “that’s sick” kind of chat, means the opposite lol. It’s just something we say in my country I guess haha 😂