As biotech company Moderna announced promising early results for its coronavirus vaccine, the chief financial and medical officers sold thousands of

shares. lol, If the drug is so promising, why would chief financial and medical officers sell all those shares?

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Nika2002 · 22-25, F

Maybe they got big money on the sold shares. And it reduces their risk from lost cash liquidity.

SW-User

@Nika2002 Yeah, but if the vaccines actually worked, I'm sure they would make a lot more money by keeping the shares.

Nika2002 · 22-25, F

@SW-User Manufacturing startup carries a hefty price tag.

SW-User

@Nika2002 That's what the public offering of common stock is about. These were their personally owned shares.