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Two Moderna Executives Dump $30 Million of Stock after Vaccine Press Release
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[quote:Anonymous Coward 72299469:MV80Mzk5NjAzXzgwMDkzNjY1X0JDMjAwOEI4] [quote:Anonymous Coward 78946902:MV80Mzk5NjAzXzgwMDkzNjM1X0MxNTdGQ0ZE] [quote:Anonymous Coward 78946902:MV80Mzk5NjAzXzgwMDkzNTY0X0M5NjE4Njc3] Take a look at the press releases https://investors.modernatx.com/news-releases Note these two: May 18, 2020 Moderna Announces Positive Interim Phase 1 Data for its mRNA Vaccine (mRNA-1273) Against Novel Coronavirus May 12, 2020 Moderna Receives FDA Fast Track Designation for mRNA Vaccine (mRNA-1273) Against Novel Coronavirus The dates to note are May 18 and May 12!! Note Tal Zaks trading history https://gb.wallmine.com/people/537/tal-zvi-zaks#complete-history Look at the 19th May and 12th May [/quote] Tal Zaks bought stock options when: 1. Moderna recieved its FDA fast track 2. Moderna announced positice interim phase This is blatant insider trading! [/quote] Everything is blatant these days..and they get away with it. [/quote]
Original Message
REVEALED: Two executives at drug firm Moderna quietly sold nearly $30 million of stock when they unveiled coronavirus vaccine and value rose - before share price went down again
Moderna's share price skyrocketed after it released promising results from its vaccine trial Monday, sparking hope that a vaccine could be available January
Stocks surged as much as 30 percent Monday to $87 a share following the news
Lorence Kim, Moderna's chief financial officer, exercised 241,000 options for $3 million Monday, then sold them for $19.8 million, taking a $16.8 million profit
Tal Zaks, Moderna's chief medical officer, exercised $1.5 million stock options before making a profit of $8.2 million when he offloaded them for $9.77 million
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