Why Moderna stock jumped 6% Tuesday

The company announced another big European supply deal.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

What happened

Shares of Moderna (NASDAQ: MRNA) jumped 6.3% higher as of the market close on Tuesday. The solid gain came after the company announced that the European Commission (EC) has agreed to buy an additional 150 million doses of its COVID-19 vaccine, bringing the total number of doses ordered by the EC to 460 million.

So what

Moderna announced an even bigger purchase last week with the U.S. government signing an agreement to buy 200 million additional doses of the company's COVID-19 vaccine. However, investors didn't respond enthusiastically to that deal, with the biotech stock slipping a little. So why did Moderna's shares take off on today's news?

There were some other factors going on last week that distracted investors somewhat from focusing on Moderna's good news. That's not the case this week.

Moderna stated that the European Commission could use the extra doses for primary vaccination of individuals, including kids. It could also use the doses for booster shots if required.

Now what

The key thing to watch with Moderna now is the progress of its COVID-19 vaccine candidate that specifically targets coronavirus variants. The European Commission will be able to purchase this revised vaccine pending regulatory authorization, with delivery potentially beginning in 2022. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Keith Speights has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Moderna Inc. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on International Stock News

A rocket blasts off into space with planet behind it.
Opinions

SpaceX shares are flying. Here's the price I'd wait for

SpaceX is on my watchlist, but I’m staying patient.

Read more »

Flag of America on a processor on a motherboard.
International Stock News

Nvidia shares jump after earnings report. Here's what has investors excited

The world's biggest company delivered another huge quarter and a bullish outlook.

Read more »

A tech worker wearing a mask holds a computer chip.
International Stock News

Up 15% in 2026! Why Nvidia shares could be in for a huge week

The AI behemoth heads into earnings with expectations already running very high.

Read more »

A distressed young woman reads bad news on her smartphone while standing in a modern indoor setting.
ASX Share Market News

How the KOSPI crash impacted ASX investors

The South Korean market rose 170% in FY26 before crashing 44% last month.

Read more »

Man looks shocked as he works on laptop on top a skyscraper with stockmarket figures in graphic behind him.
ASX Share Market News

Imagine the ASX 200 near-tripling in a year. That's what the KOSPI did in FY26

Then came last month's 44% crash. Here's the full story behind the KOSPI's boom and bust.

Read more »

Man controlling a drone in the sky.
International Stock News

Why investors are rotating out of defence stocks: Expert

Should investors buy the dip on this billion dollar sector?

Read more »

Three rockets heading to space
International Stock News

SpaceX shares under pressure despite revenue beat

Solid results have failed to lift the stock.

Read more »

A young woman drinking coffee in a cafe smiles as she checks her phone.
International Stock News

What do Microsoft's strong earnings mean for these ASX shares?

Hyperscaler spending is the demand catalyst for these ASX shares.

Read more »