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Moderna Crash Wipes Out Over $20 Billion In Market Value After Concerns Stock Is Overhyped

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Moderna Crash Wipes Out Over $20 Billion In Market Value After Concerns Stock Is Overhyped

What had been a booming Moderna stock price took a major step backward Wednesday, falling more than 15% on the heels of an analyst’s warning that the stock’s soaring price was an “unrealistic valuation” based on hype around the company’s Covid vaccine.

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