Moderna Stock (MRNA): Why The Price Dropped Today

By Amit Chowdhry ● Dec 6, 2021
  • The stock price of Moderna Inc (NASDAQ: MRNA) fell by 13.49% today. This is why it happened.

The stock price of Moderna Inc (NASDAQ: MRNA) fell by 13.49% today. Investors responded negatively to a statement over the weekend by Moderna President Stephen Hoge cautioning that existing vaccines could be relatively ineffective in preventing the spread of the Omicron variant of COVID-19. 

During an interview with ABC’s George Stephanopoulos, Hoge noted that there is a real risk that the COVID-19 Omicron strain will not be particularly responsive to vaccines that started development even before the Delta variant emerged.

The Omicron variant has been detected in 17 different states in the U.S. along with a number of other countries.

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