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Two Moderna Executives Dump $30 Million of Stock after Vaccine Press Release
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[quote:Miss Bunny Swan:MV80Mzk5NjAzXzgwMDk2NDc5Xzk4RDc1MThF] :gasp: [/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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link to www.dailymail.co.uk (secure)
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