Shares of Moderna Inc. (NASDAQ:MRNA) traded today at $185.73, eclipsing its 52-week high. This new high was reached on below average trading volume as 10.8 million shares traded hands, while the average 30-day volume is approximately 22 million shares.
Moderna Inc is engaged in creating transformative medicines based on messenger RNA, or mRNA. It transfers the information stored in the genes to the cellular machinery that makes all the proteins required for life. The firm is developing therapeutics and vaccines for infectious diseases, immuno-oncology, rare diseases, autoimmune and cardiovascular diseases. Its clinical trials include mRNA-1647, mRNA-1893, mRNA-4157, and mRNA-2416 among others.
Based on a current price of $173.83, Moderna Inc. is currently 16.4% above its average consensus analyst price target of $145.38.
Over the past year, Moderna Inc. has traded in a range of $17.91 to $185.73 and is now at $173.83, 871% above that low.
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