You are right, it is holding $140 which could be a key support level after being way oversold. If it drops below the $140 level it could approach $100 but this seems less likely as we get closer to earnings release. Todays action seems to be related to the fact that omicron infections are decreasing and will lower the incentive for future boosters. Eventually Moderna’s pipeline will produce the next big money maker but I don’t think COVID vaccinations will ever go away completely.
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