Why Moderna stock isn’t surging on news of coronavirus vaccine for young children

The reaction to a potential COVID-19 vaccine breakthrough for young children out of Moderna (MRNA) may have some traders scratching their heads.

Shares of the biotech fell 3% on Wednesday on positive interim data released by Moderna for its coronavirus vaccine for children under six years old. Moderna said the shots were about 44% effective in preventing Omicron in children six months up to two years old.

“We believe these latest results from the KidCOVE study are good news for parents of…


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