Yahoo Finance published this video item, entitled “Why Moderna stock has spooked investors as demand for the COVID-19 vaccine slows” – below is their description.
Moderna (MRNA) stock has fallen off in the post-pandemic period as demand for its COVID-19 vaccine — the company’s primary commercial product — decreased significantly. Pfizer (PFE) recently lowered guidance on declining vaccine revenue, which Moderna shares took a hit correlatively. Moderna shares face heavy volatility because its business is tied heavily to the COVID shot, however the vaccine maker is looking to introduce new products to stabilize growth.
Yahoo Finance’s Health Reporter Anjalee Khemlani discusses the fall of Moderna post-COVID, giving insights on the company’s plan to introduce new products moving forward.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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