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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hartfire

To raise the funds required for continued research and development.

tallpowerhouseblonde · 31-35, F

@hartfire It does not work like that.Shares are individually owned.The share sale will not raise money for the company.Only the original flotation and releasing new shares does that.

hartfire

@tallpowerhouseblonde Yes, I knew that, but I made the mistake of thinking that when you talked of the med and tech staff selling shares, it was because they were launching a new prospectus.
If they're selling shares they already own in the company, that's a mystery, unless they already know that there's something wrong with their research or the company's business prospects.