Vaccine Execs Dumped Stock After Hyping Results

[babylonsister]

Doesn't give me a warm fuzzy for prospects this vaccine will fare well.

https://politicalwire.com/2020/05/23/vaccine-execs-dumped-stock-after-hyping-results/

Vaccine Execs Dumped Stock After Hyping Results
May 23, 2020 at 10:07 am EDT By Taegan Goddard

“Moderna’s stock price skyrocketed as much as 30% on Monday after the biotech company announced promising early results for its coronavirus vaccine. As ordinary investors piled in, two insiders were quietly heading for the exits,” CNN reports.

“Moderna’s chief financial officer and chief medical officer executed options and sold nearly $30 million of shares combined on Monday and Tuesday.”

[spanone]

1. The entirety of the media helped hype it...with only a press release by the company.

These two 'insiders' should be imprisoned. Wonder if trump was in on it?

[Cognitive_Resonance]

2. Getting theirs while the getting's good. nt

[still_one]

3. They executed their options, why not? Many companies in tech and pharmaceutical

areas offer stock option incentives when they are hired

They would be fools not to exercise those options when they were able to

[Celerity]

7. They also could be fools if they exercised them IF they thought the firm's stock would go up

in the future. My father does M&A consulting out of London for a large international bank, and he almost never exercises his options as soon as the lock-up period ends on them. He often gets them as options as partial compensation from many of the deals he helps bring about, and still holds the vast majority of them.

[still_one]

9. Agreed. What I was trying to say is someone exercising their options as part of their employment

incentives does not make some evil

In the case of Moderna, or any bio tech working on this vaccine, it is a pretty risky proposition on success

If phase II shows no efficacy, those options would most likely become worthless very quickly

Like they say a bird in the hand is worth two in the bush

[Celerity]

10. The troublesome part would be if they helped in a pump 'n dump op. I would need to see more forensic

information to begin down that pathway.

[TheBlackAdder]

4. Gee, I throught there were rules about doing that? Silly me.

[Hermit-The-Prog]

5. Vaporware vaccine?

[Celerity]

8. vape vaccine

à la Rump

[LizBeth]

6. Trump gave our money early in the process. Of course it will be a fail.

[Karadeniz]

11. I think that's illegal.