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Two Moderna Executives Dump $30 Million of Stock after Vaccine Press Release
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[quote:Anonymous Coward 78946902:MV80Mzk5NjAzXzgwMDk1OTIxX0YxMTYxMTQ0] [quote:Anonymous Coward 78860267:MV80Mzk5NjAzXzgwMDk1Njg0XzcwQ0Y0QTdD] 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 [b]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 [/b] 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 Well, you think? This RNA vaccine has never worked. Fauci promised an Aids vaccine over 35 years ago and produced nothing. Why are we listening to him now? [/quote] Look at the bolded sentence above. Here's the document that confirms the trade. https://www.sec.gov/Archives/edgar/data/1643746/000112760220017220/xslF345X03/form4.xml On the document it states it was pre-planned. Typically, this could be many weeks or months in advance. If you look at his recent trading history, he hasn't done any thing like this in the last 6 months. So, it wasn't pre-planned and they knew when the FDA would fast track the vaccine. This is fraud! [/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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