Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Moderna Inc. shares valued at $1,570,000 were sold by Bancel Stephane on Jul 28. At $157.00 per share, Bancel Stephane sold 10,000 shares. The insider’s holdings dropped to 6,784,880 shares worth approximately $1.32 billion following the completion of this transaction.
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Also, Bancel Stephane sold 40,000 shares, netting a total of over 6,269,397 in proceeds. Following the sale of shares at $156.73 each, the insider now holds 5,411,946 shares.
Before that, AFEYAN NOUBAR had sold 10,000 shares from its account. In a trade valued at $1,610,000, the Director traded Moderna Inc. shares for $161.00 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $481.02 million.
As published in a research note from Redburn on February 01, 2022, Moderna Inc. [MRNA] has been rated up from a Sell to a Neutral. Analysts at Deutsche Bank upgraded the stock from ‘”a Sell”‘ to ‘”a Hold”‘ outlook in a report released in late January. As of January 21, 2022, BofA Securities has increased its “an Underperform” rating to a “Neutral” for MRNA. Earlier on January 21, 2022, UBS initiated its rating. Their recommendation was “a Neutral” for MRNA stock.
Analyzing MRNA’s Price Performance
On Thursday, Moderna Inc. [NASDAQ: MRNA] rose 4.12% to $194.18. The stock’s lowest price that day was $185.47, but it reached a high of $197.44 in the same session. During the last five days, there has been a surge of approximately 22.84%. Over the course of the year, Moderna Inc. shares have dropped approximately -23.55%. Shares of the company reached a 52-week high of $249.42 on 01/03/22 and a 52-week low of $115.61 on 06/13/22. A 50-day SMA is recorded $151.01, while a 200-day SMA reached $190.84. Nevertheless, trading volume fell to 6.86 million shares from 3.52 million shares the previous day.
Support And Resistance Levels for Moderna Inc. (MRNA)
According to the 24-hour chart, there is a support level at 187.29, which, if violated, would cause prices to drop to 180.39. In the upper region, resistance lies at 199.26. The next price resistance is at 204.33. RSI (Relative Strength Index) is 71.89 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 13.38, which suggests the price will increase in the coming days. Percent R is at 7.13%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Moderna Inc. subject to short interest?
Stocks of Moderna Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 1.53 million shares to 16.29 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 14.76 million shares. A jump of 9.39% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.87 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.87.
Which companies own the most shares of Moderna Inc. (MRNA)?
According to Baillie Gifford & Co. filings, the company currently owns 45,629,226 shares, which is about 11.47% of the total MRNA shares outstanding. The investor’s shares have plunged by -142,853 from its previous 13-F filing of 45772079.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $3,658,700,484. BlackRock Fund Advisors acquire a 2.37% interest valued at $2.84 billion while SSgA Funds Management, Inc. sold a -16,240 stake. A total of 2,641,144 shares of Moderna Inc. were sold by Coatue Management LLC during the quarter, and 403,891 were bought by Geode Capital Management LLC. In its current portfolio, Thélème Partners LLP holds 6,336,940 shares valued at $905.23 million.
In terms of Moderna Inc. share price expectations, FactSet research, analysts set an average price target of $220.00 in the next 12 months, up nearly 5.64% from the previous closing price of $186.49. Analysts anticipate Moderna Inc. stock to reach $506.00 by 2022, with the lowest price target being $74.00. In spite of this, 19 analysts ranked Moderna Inc. stock as an Overweight at the end of 2022.