Pfizer and Moderna did drop on Friday, but nothing dramatic. they’re both recovering a bit today.
Either investors are not convinced this will make a big difference (the companies still have immunity for those drugs) or this was already priced in. Both companies have both been tumbling in value since late 2021. Moderna is down 95% from its peak and Pfizer is down about 60%.
Pfizer and Moderna did drop on Friday, but nothing dramatic. they’re both recovering a bit today.
Either investors are not convinced this will make a big difference (the companies still have immunity for those drugs) or this was already priced in. Both companies have both been tumbling in value since late 2021. Moderna is down 95% from its peak and Pfizer is down about 60%.
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