MRNA Stock Spikes as Moderna Shares mRNA Pipeline Update

Moderna (MRNA) shares rallied on June 26 after the company detailed its future beyond COVID-19 at its highly anticipated Science Day event. Shares are continuing their upward trend today.

As investors cheered the positive updates, MRNA's relative strength index (RSI) climbed into the early 70s, indicating the stock may now be ripe for profit-taking.

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However, Piper Sandler continues to see further upside in Moderna stock that's already up roughly 135% versus the start of this year.

Investors loaded up on MRNA shares as the company highlighted major clinical progress across several diseases.

A particularly exciting update was the debut of its first cancer prevention program, mRNA-4194, targeting patien

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/mrna-stock-spikes-moderna-shares-153010180.html)