Moderna Sinks 7% as Traders Book Profits on a 392% Year-to-Date Surge; BioNTech Drops 4%, Merck Slips
Moderna shares fall 7% to $135.22 Monday morning, after a 392% year-to-date surge through Friday’s close. Despite the single-session drop, the phase 3 melanoma data driving the rally is unchanged and no material news has been disclosed since the July 31 second-quarter report, leaving traders to book gains. BioNTech is down 4% to $111.47, while Merck slips 1% to $150.61.