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The Rising Moderna Stock

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Due to Moderna having just announced that their preliminary phase three trial data shows that its coronavirus vaccine is now more than 94% effective in preventing Covid-19, the company's stocks are now at least 94% more appealing than ever before. Evidently, shares of Moderna jumped more than 12% in premarket trading following the announcement. "The markets surged on the Moderna vaccine news. Having multiple providers with 90-plus percent efficacy boosted investors' enthusiasm. The vaccine takes timing, one of the biggest uncertainties, off the table," says Jack Ablin, Chief Investment Officer at Cresset Capital.

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