Moderna stock cements lead as S&P 500's top performer of 2021
The White House & the COVID-19 Response Team to review boosters
Moderna's stock cemented its position as the top performer in the S&P 500 for 2021, rising another 7.5% on Tuesday ahead of a meeting between the White House and the COVID-19 Response Team set for today in which next steps for boosters are expected to be discussed.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
MRNA | MODERNA INC. | 53.54 | -1.09 | -2.00% |
The Centers for Disease Control and Prevention has administered 357,894,995 million doses through Aug. 16, with Pfizer-BioNTech leading Moderna in both administered and delivered doses.
Despite the lead, Moderna stock has locked in annual gains of more than 285%, making it the top annual performer for the broadest measure of the U.S. stock market, even with a slight pullback from hitting its high of $497.17 per share.
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Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
PFE | PFIZER INC. | 27.76 | -0.33 | -1.17% |
BNTX | BIONTECH SE | 108.97 | -2.51 | -2.25% |
Moderna CEO Stephane Bancel told FOX Business earlier this month the company is on track to deliver 1 billion doses this year, with even higher expectations for 2022 depending on confirmed clinical dosages.
"It would be between 2 and 3 billion doses, so I expect we would be able to double the output next year, maybe even triple it" he said.
Additionally, Bancel discussed the company's improving balance sheet.
"We are now sitting on $12.2 billion of cash," he noted, adding that "the board authorized a share buyback of up to $1 billion" as the company reported quarterly results.
Steelmaker Nucor is the S&P 500's second-best performer, with annual gains of 125%.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
NUE | NUCOR CORP. | 142.54 | -1.02 | -0.71% |