Why BioNTech Stock Crushed the Market Today

Discussion in 'Pharma/Biotech Companies - In the News' started by cafead, May 2, 2022 at 6:32 PM.

  1. #1 cafead, May 2, 2022 at 6:32 PM
    cafead

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    via Shares of top coronavirus stock BioNTech (BNTX 5.23%) nicely bucked the general downward trend of the market on Monday. The Germany-based biotech's stock closed more than 5% higher on the day, against the 0.6% rise of the S&P 500 index.

    A continued rise in coronavirus cases kept investors interested, but a stronger catalyst was the launch of a stock repurchase program.

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