Why Coronavirus Vaccine Stocks Moderna, Novavax, and Inovio Are Sinking Today

Why Coronavirus Vaccine Stocks Moderna, Novavax, and Inovio Are Sinking Today

Several coronavirus vaccine stocks have slumped as of 11:20 a.m. EDT on Wednesday, dragged down by the broader market sell-off. Shares of Moderna (NASDAQ: MRNA) were 5% lower. Novavax (NASDAQ: NVAX) and Inovio Pharmaceuticals (NASDAQ: INO) were down 6.1% and 4.5%, respectively.