Moderna’s 160% Surge Burns Shorts in $5 Billion Loss
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A record surge in Moderna Inc.’s shares delivered a $5 billion blow to short sellers who had bet that the vaccine maker’s years-long slump would continue.
The dramatic rise in share prices has left many investors who shorted the stock facing significant losses as the market reacts to Moderna's unexpected performance.
Moderna
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“A record surge in Moderna Inc.’s shares delivered a $5 billion blow to short sellers who had bet that the vaccine maker’s years-long slump would continue.”
Bloomberg — Moderna’s 160% Surge Burns Shorts in ‘Painful’ $5 Billion Loss