Why Moderna, Pfizer, BioNTech And Novavax Shares Are Falling Today

Shares of vaccine makers, including Moderna Inc MRNABioNTech SE - ADR BNTX and Novavax, Inc. NVAX, are trading lower. Move is possibly in reaction to a recent Israeli study showing four doses of Pfizer Inc. PFE and BioNTech's vaccine were not sufficient to prevent infection with the Omicron variant of COVID-19.

The vaccine sector is also trading lower as the sector continues to pull back following 2021 strength, with investors continuing to weigh sector outlook going into 2022. The US Supreme Court last week blocked President Biden's workplace vaccine-or-test mandate for larger employers.

See Also: Microsoft To Acquire Activision In $68.7B Deal: What Investors Need To Know

The broader market is also experiencing a pullback and trading lower Monday after the 10-year US Treasury yield reached a two-year high, which has pressured valuations.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: MoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!