Why Moderna Stock Surged Today

Why Moderna Stock Surged Today

Shares of Moderna (NASDAQ: MRNA) rocketed higher on Monday, following bullish analyst commentary and news that the biotech company would be added to a popular stock market index. As of 2:05 p.m. EDT, Moderna's stock was up more than 20%. Moderna's experimental COVID-19 vaccine could produce annual sales of more than $5 billion, should it prove both safe and effective.