What's Going On With BioNTech (BNTX) Stock?

BioNTech SE - ADR BNTX shares are trading higher by 4.66% to $106.51 Wednesday morning as the stock continues to rebound after falling on Monday. Traders and investors are likely weighing the company's second-quarter report from Monday's pre-market session.

What Happened Monday?

BioNTech SE announced second-quarter revenues of €167.7 million, a decline from €3.2 billion in the previous year. Total revenues for the six months ending June 30, 2023, were €1.44 billion, compared to €9.6 billion for the same period in the prior year.

The reduction in BioNTech's second-quarter revenues is attributed to write-offs by collaboration partner Pfizer Inc, leading to a notable decrease in the company's gross profit share for the quarter...Read More

According to data from Benzinga Pro, BNTX has a 52-week high of $188.98 and a 52-week low of $95.50.