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Moderna executives offloaded nearly $30 million of stocks a day after unveiling coronavirus

So maybe Dr. Fauci is on the take. I thought it was weird he started being a public sponsor of this company.

It stinks to high heaven.

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by Anonymousreply 905/24/2020

Shares went up again Friday to $68.60 after Dr Anthony Fauci, the federal government's top immunologist, said he was 'cautiously optimistic'

by Anonymousreply 105/24/2020

They “unveiled” coronavirus ?

by Anonymousreply 205/24/2020

Their defense is going to be that it was an automatic trade.

But keep in mind, whenever Dr. Fauci was programmed to make the statement, they knew this “automatic” trade would take place.

So it doesn’t matter if a computer or a smart grader made the actual trade, the setup appears to be to send Fauci out to make statement and cash in, possible giving him a cut of the shares.

So don’t let the ‘automatic trade’ narrative take hold.

by Anonymousreply 305/24/2020

Two executives at drug firm Moderna quietly sold nearly $30 million of stock when they unveiled a coronavirus vaccine and value surged, before the share price quickly fell again amid skepticism from the medical community.

Moderna's chief financial officer Lorence Kim and chief medical officer Tal Zaks dumped the staggering value of stocks on Monday and Tuesday when the share price skyrocketed following the company's announcement of what it described as 'positive' results from its vaccine trial.

by Anonymousreply 405/24/2020

Moderna executives offloaded nearly $30 million of stocks a day after unveiling coronavirus VACCINE.

by Anonymousreply 505/24/2020

“The two executives pocketed almost $25 million in profits in a day's work before experts cast doubt on the vaccine's success and sent shares tumbling.

Kim exercised 241,000 options for $3 million Monday, then instantly sold them for $19.8 million, taking a tidy profit of $16.8 million, SEC filings seen by CNN Business show.

On Tuesday, Zaks exercised $1.5 million stock options before making a profit of $8.2 million when he immediately offloaded them for $9.77 million.“

by Anonymousreply 605/24/2020

The same usual suspects make a fortune off this and yet they complain when Nancy wants to send out another $1200 to working people.

by Anonymousreply 705/24/2020

I don’t trust Fauci.

by Anonymousreply 805/24/2020

R8 well, then, you sir, are an idiot.

He’s been a strong leader with no hint of scandal for .more than 30 years.

What does Fauci even have to do with this?

by Anonymousreply 905/24/2020
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