Today, $MRNA-3.4%stock is down more than 17% (More in flash news), which is already a pretty significant loss. Overall, this company's stock has been down quite a bit lately. I own shares of $PFE-0.8%from this sector and would like to sell them, but I'm still in for a big loss there.
Does it make sense for you to invest in $MRNA-3.4% or $PFE-0.8%stock ?
Moderna
MRNAOpen $67.60
Day range $64.70 - $67.91
52 week range $62.55 - $170.47
I have$PFE-0.8% stock bought. It's not a stable stock, but the company pays a high dividend and it's great for portfolio diversification.
It certainly doesn't make sense to me. These companies don't have the potential and the only thing that drives the price up occasionally is that they manage to develop a new drug.
It's a terribly uncertain sector. I used to own $PFE-0.8% stock for the dividend, but I sold.
So the message was that it would reduce research costs and look for a path to profitability. Nobody wants to hear that, and the decline is justified. On the other hand, their technology has a future and the collaboration with Merck on cancer vaccines may be gamechanging. It can if it doesn't go bankrupt first it just 🚀/⚰️.
Man, it's gone downhill. The price has hit its lowest point since last November. If it goes down another 3%, it would be the lowest since 2020.