Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Moderna, Inc.
  6. News
  7. Summary
    MRNA   US60770K1079

MODERNA, INC.

(MRNA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Gold gains on Moderna CEO's Omicron warning

11/29/2021 | 11:44pm EST

(New throughout, adds comment and updates prices)

* Gold could rise to $1,800/oz if stocks fall more- analyst

* Fed Chairman Powell's congressional testimony in focus

Nov 30 (Reuters) - Gold prices rose on Tuesday after Moderna's chief warned that COVID-19 vaccines are unlikely to be as effective against the Omicron variant as they have been against the Delta version.

Spot gold rose 0.3% to $1,790.92 per ounce by 0728 GMT. U.S. gold futures increased 0.4% to $1,792.90.

The Moderna chief's comments rattled financial markets, with Asian shares dropping to their lowest in more than a month while crude oil futures fell over 2%.

"It is hard to say how much of an impact this will ultimately have on gold as markets are still digesting the comments," CMC Markets UK's chief market analyst Michael Hewson said, adding bullion prices could head back to the $1,800 level if equity markets decline further.

Investors will pay close attention to U.S. Federal Reserve Chairman Jerome Powell's congressional testimony later this week after he warned on Monday that the new COVID-19 strain muddied the central bank's inflation outlook and prices could continue to rise for longer than earlier thought.

"Powell has the tendency to talk markets into a state of calm and he might hint that the Fed is prepared to slow down the pace of stimulus withdrawal, providing some support to gold," DailyFX currency strategist Ilya Spivak said.

"But any rally in gold is unlikely to be sustained as we still don't know how receptive this variant will be to vaccines. So far, we have one comment from one person, albeit an important one, and the Fed needs more clarity before it commits to slowing the pace of tapering."

Reduced stimulus and interest rate hikes tend to push government bond yields up, raising the opportunity cost of gold, which pays no interest.

Spot silver fell 0.2% to $22.84 per ounce. Platinum dropped 1.4% to $949.55 and palladium gained 0.1% to $1,795.91.

(Reporting by Nakul Iyer in Bengaluru; Editing by Rashmi Aich and Subhranshu Sahu)


ę Reuters 2021
All news about MODERNA, INC.
11:43aModerna says aims to name 'country of choice' for COVID vaccine production in Africa so..
RE
06:49aEMA Says Spikevax Product Information To Be Updated To Include Paraesthesia As Rare Sid..
RE
06:47aEMA : Assessment of whether vaccination can cause capillary leak syndrome (is ongoing for ..
RE
01/19Prior COVID infection more protective than vaccination during Delta surge, U.S. study f..
RE
01/19Valneva Shares Suffer as Coronavirus Vaccine Seen Arriving Too Late
DJ
01/18US Stocks Slump as Treasury Yields Hit 2-Year High, Goldman Sachs Weighs on Financials
MT
01/18US Stocks Start Week Lower as Treasury Yields Hit 2-Year High, Goldman Sachs Weighs on ..
MT
01/18Morgan Stanley Adjusts Moderna Price Target to $315 From $313, Maintains Equal Weight R..
MT
01/18Equities Slump Midday After Treasury Yields Touch Two-Year High, Goldman's Earnings Mis..
MT
01/18MIDDAY REPORT : US Stocks Slump After Treasury Yields Touch Two-Year High; Goldman's Earni..
MT
More news
Analyst Recommendations on MODERNA, INC.
More recommendations
Financials (USD)
Sales 2021 17 520 M - -
Net income 2021 11 079 M - -
Net cash 2021 9 774 M - -
P/E ratio 2021 6,59x
Yield 2021 -
Capitalization 70 577 M 70 577 M -
EV / Sales 2021 3,47x
EV / Sales 2022 2,36x
Nbr of Employees 1 300
Free-Float 90,5%
Chart MODERNA, INC.
Duration : Period :
Moderna, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MODERNA, INC.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Last Close Price 174,07 $
Average target price 273,19 $
Spread / Average Target 56,9%
EPS Revisions
Managers and Directors
StÚphane Bancel Chief Executive Officer & Director
Stephen Hoge President
David W. Meline Chief Financial Officer
Noubar B. Afeyan Chairman
Juan Andres Chief Technical Operations & Quality Officer
Sector and Competitors
1st jan.Capi. (M$)
MODERNA, INC.-31.46%70 577
LONZA GROUP AG-14.10%53 088
IQVIA HOLDINGS INC.-14.84%45 903
SEAGEN INC.-14.26%24 238
ICON PUBLIC LIMITED COMPANY-17.00%20 923
CELLTRION, INC.-15.66%19 573