Moderna Sheds $12 Billion in a Single Session After a 14% Drop
As seen on the 24/7 Wall St. homepage on October 22, 2026.
A 14.31% slide to $205.67 takes roughly $12 billion off an $84.9 billion biotech in a single session, one of the sharpest single-day drops this name has seen. Keep an eye on whether the $240 open gets reclaimed.
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Moderna held a tight range early before breaking down, closing near $205.67 after opening at $240.
That move erased roughly $12 billion in market value in a single session, concentrating the damage in one large-cap name.
Selling pressure intensified late in the day rather than building gradually, a sign sellers took control into the close.
The $240 open is now the level buyers must reclaim, and it held as resistance across the entire session.
Sources
Mentioned: MRNA