Back to top

Image: Bigstock

Moderna (MRNA) Stock Sinks As Market Gains: What You Should Know

Read MoreHide Full Article

Moderna (MRNA - Free Report) closed the most recent trading day at $20.38, moving -0.63% from the previous trading session. This move lagged the S&P 500's daily gain of 0.73%. Meanwhile, the Dow gained 0.51%, and the Nasdaq, a tech-heavy index, added 1.34%.

Prior to today's trading, shares of the biotechnology company had gained 6.66% over the past month. This has outpaced the Medical sector's loss of 2.01% and the S&P 500's of 0% in that time.

Wall Street will be looking for positivity from MRNA as it approaches its next earnings report date.

Investors should also note any recent changes to analyst estimates for MRNA. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. MRNA is holding a Zacks Rank of #1 (Strong Buy) right now.

The Medical - Biomedical and Genetics industry is part of the Medical sector. This group has a Zacks Industry Rank of 83, putting it in the top 33% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Moderna, Inc. (MRNA) - free report >>

Published in