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TRXC - Why Shares Of Moderna Soared

Moderna's (MRNA) spectacular rise shows no sign of ending for two reasons. First, market participants are always keen on piling on to the next hottest thing. Moderna's search for COVID-19 vaccine gives the market something to invest in. Second is the company's strong quarterly results. Both positive catalysts suggest that I will need to raise my price target on Moderna stock.

Moderna posted earnings per share of negative 37 cents, beating consensus by 5 cents. Though the company appeared to look foolish to the markets in selling its stock at a 15% discount,

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Stock Information

Company Name: TransEnterix Inc.
Stock Symbol: TRXC
Market: NYSE
Website: transenterix.com

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