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Market Update

Big Biotech Shares Take a Wild Ride

As the post-pandemic pharma landscape takes shape, Moderna and BioNTech slide, Pfizer rallies.

Jakir Hossain
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In recent days, shares of some of the biggest biotechnology and pharmaceutical stocks have seen wide swings, in part as investors reassess the competitive landscape for the post-coronavirus-pandemic world.

Shares of Moderna (MRNA) and BioNTech (BNTX)--both makers of COVID-19 vaccines--plummeted on Nov. 5 after Moderna reported disappointing third-quarter revenue and the company reduced 2021 sales forecasts. That same day, Moderna lost 16.6%. BioNTech--which reports earnings Tuesday morning--lost 20%. In contrast, Pfizer PFE rallied 11% on Nov. 5 after releasing impressive clinical results for an oral COVID-19 treatment.

Jakir Hossain does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.