{"id":107531,"date":"2020-05-23T16:42:36","date_gmt":"2020-05-23T23:42:36","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2020\/05\/moderna-execs-dumped-nearly-30-million-of-stock-after-news-of-promising-coronavirus-vaccine"},"modified":"2020-05-23T16:42:36","modified_gmt":"2020-05-23T23:42:36","slug":"moderna-execs-dumped-nearly-30-million-of-stock-after-news-of-promising-coronavirus-vaccine","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2020\/05\/moderna-execs-dumped-nearly-30-million-of-stock-after-news-of-promising-coronavirus-vaccine","title":{"rendered":"Moderna execs dumped nearly $30 million of stock after news of promising coronavirus vaccine"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/moderna-execs-dumped-nearly-30-million-of-stock-after-news-of-promising-coronavirus-vaccine2.jpg\"><\/a><\/p>\n<p>Moderna\u2019s stock price skyrocketed as much as 30% on Monday after the biotech company announced promising early results for its coronavirus vaccine. As ordinary investors piled in, two insiders were quietly heading for the exits.<\/p>\n<p>Moderna\u2019s chief financial officer and chief medical officer executed options and sold nearly $30 million of shares combined on Monday and Tuesday, <a href=\"https:\/\/investors.modernatx.com\/static-files\/03ba600f-801d-4609-a7fb-332ac507f76f\" target=\"_blank\">SEC filings<\/a> reviewed by CNN Business show.<\/p>\n<p>The sales occurred after Moderna (<a href=\"https:\/\/money.cnn.com\/quote\/quote.html?symb=MRNA&source=story_quote_link\" class=\"\">MRNA<\/a>) excited Wall Street before markets opened Monday by announcing encouraging vaccine trial results. Moderna\u2019s market value swelled to $29 billion \u2014 <a href=\"https:\/\/www.cnn.com\/2020\/05\/01\/us\/coronavirus-moderna-vaccine-invs\/index.html\" target=\"_blank\">even though the company has no marketed products.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moderna\u2019s stock price skyrocketed as much as 30% on Monday after the biotech company announced promising early results for its coronavirus vaccine. As ordinary investors piled in, two insiders were quietly heading for the exits. Moderna\u2019s chief financial officer and chief medical officer executed options and sold nearly $30 million of shares combined on Monday [\u2026]<\/p>\n","protected":false},"author":534,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,43,45],"tags":[],"class_list":["post-107531","post","type-post","status-publish","format-standard","hentry","category-biotech-medical","category-business","category-finance"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/107531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/534"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=107531"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/107531\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=107531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=107531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=107531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}