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Why Moderna Was So Volatile on Thursday

Why Moderna Was So Volatile on Thursday

Moderna (NASDAQ: MRNA) was a roller-coaster stock on Thursday, at one point trading 3% higher, then as much as 6% lower, before settling in for a 1.3% loss at the end of the day. A business update and several fresh pieces of news, released on the company's annual "R&D Day," left the market wondering whether such developments were collectively positive or negative for the high-profile biotech. Moderna said that its mRNA-1273 coronavirus vaccine candidate could win emergency use authorization (EUA) from the Food and Drug Administration as soon as the end of this year.