Two Moderna Executives Dump $30 Million of Stock after Vaccine Press Release | |
Anonymous Coward (OP) User ID: 78946902 Poland 05/23/2020 06:10 PM Report Abusive Post Report Copyright Violation | According to the Mail: "Moderna said this week's sales from the two insiders were executed under automated insider trading plans, known as 10b5-1 plans, making them legal". But 10b5-1 plans are sometimes used for insider trading. |
Anonymous Coward (OP) User ID: 78946902 Poland 05/23/2020 06:12 PM Report Abusive Post Report Copyright Violation | "A few years after Rule 10b5-1 plans were authorized, certain academic studies and several high-profile news articles suggested that the plans were being abused by executives and providing cover for improper sales based on inside information." [link to www.mofo.com (secure)] |
Anonymous Coward (OP) User ID: 78946902 Poland 05/23/2020 06:14 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 78946902 Poland 05/23/2020 06:16 PM Report Abusive Post Report Copyright Violation | However, the recent trades are part of a “trading plan”—e.g., SEC Rule 10b5-1—that exists to prevent improper trading. Hence, trading plan timing favored the chief financial officer and chief medical officers, leading to $30 million in windfall profits. Some, however, are suspicious as to a number of activities and arrangements all occurring recently. [link to www.trialsitenews.com (secure)] |
Anonymous Coward (OP) User ID: 78946902 Poland 05/23/2020 06:32 PM Report Abusive Post Report Copyright Violation | [link to www.zerohedge.com (secure)] |
Anonymous Coward User ID: 78498693 Canada 05/23/2020 06:33 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 78946902 Poland 05/23/2020 06:37 PM Report Abusive Post Report Copyright Violation | So they blitzed the media with their BS press release... "Echoing our own skepticism, the report then said that while "Moderna blitzed the media, it revealed very little information — and most of what it did disclose were words, not data. That’s important: If you ask scientists to read a journal article, they will scour data tables, not corporate statements. With science, numbers speak much louder than words." The stock went up, and they sold $30 million. And now Moderna claim the stock dump was planned before the press-release. I smell BS! |
Anonymous Coward User ID: 78946640 United States 05/23/2020 06:39 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78946640 United States 05/23/2020 06:40 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78946640 United States 05/23/2020 06:42 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78886157 United States 05/23/2020 06:43 PM Report Abusive Post Report Copyright Violation | REVEALED: Two executives at drug firm Moderna quietly sold nearly $30 million of stock when they unveiled coronavirus vaccine and value rose - before share price went down again Quoting: Anonymous Coward 78946902 Moderna's share price skyrocketed after it released promising results from its vaccine trial Monday, sparking hope that a vaccine could be available January Stocks surged as much as 30 percent Monday to $87 a share following the news Lorence Kim, Moderna's chief financial officer, exercised 241,000 options for $3 million Monday, then sold them for $19.8 million, taking a $16.8 million profit Tal Zaks, Moderna's chief medical officer, exercised $1.5 million stock options before making a profit of $8.2 million when he offloaded them for $9.77 million [link to www.dailymail.co.uk (secure)] Slap on the wrist ...................bad executives..................................bad. |
Anonymous Coward (OP) User ID: 78946902 Poland 05/23/2020 06:47 PM Report Abusive Post Report Copyright Violation | So they blitzed the media with their BS press release... Quoting: Anonymous Coward 78946902 "Echoing our own skepticism, the report then said that while "Moderna blitzed the media, it revealed very little information — and most of what it did disclose were words, not data. That’s important: If you ask scientists to read a journal article, they will scour data tables, not corporate statements. With science, numbers speak much louder than words." The stock went up, and they sold $30 million. And now Moderna claim the stock dump was planned before the press-release. I smell BS! They announced the press release [link to investors.modernatx.com (secure)] And as soon as the stock rose enough, they sold [link to gb.wallmine.com (secure)] |
Anonymous Coward User ID: 78707146 United States 05/23/2020 06:52 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 78946902 Poland 05/23/2020 06:59 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 77829940 United States 05/23/2020 07:02 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 72299469 Netherlands 05/23/2020 07:05 PM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward (OP) User ID: 78946902 Poland 05/23/2020 07:10 PM Report Abusive Post Report Copyright Violation | Take a look at the press releases [link to investors.modernatx.com (secure)] Note these two: May 18, 2020 Moderna Announces Positive Interim Phase 1 Data for its mRNA Vaccine (mRNA-1273) Against Novel Coronavirus May 12, 2020 Moderna Receives FDA Fast Track Designation for mRNA Vaccine (mRNA-1273) Against Novel Coronavirus The dates to note are May 18 and May 12!! Note Tal Zaks trading history [link to gb.wallmine.com (secure)] Look at the 19th May and 12th May |
Anonymous Coward User ID: 13652864 United States 05/23/2020 07:13 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 78946902 Poland 05/23/2020 07:14 PM Report Abusive Post Report Copyright Violation | Take a look at the press releases Quoting: Anonymous Coward 78946902 [link to investors.modernatx.com (secure)] Note these two: May 18, 2020 Moderna Announces Positive Interim Phase 1 Data for its mRNA Vaccine (mRNA-1273) Against Novel Coronavirus May 12, 2020 Moderna Receives FDA Fast Track Designation for mRNA Vaccine (mRNA-1273) Against Novel Coronavirus The dates to note are May 18 and May 12!! Note Tal Zaks trading history [link to gb.wallmine.com (secure)] Look at the 19th May and 12th May Tal Zaks bought stock options when: 1. Moderna recieved its FDA fast track 2. Moderna announced positice interim phase This is blatant insider trading! |
Anonymous Coward User ID: 72299469 Netherlands 05/23/2020 07:16 PM Report Abusive Post Report Copyright Violation | Take a look at the press releases Quoting: Anonymous Coward 78946902 [link to investors.modernatx.com (secure)] Note these two: May 18, 2020 Moderna Announces Positive Interim Phase 1 Data for its mRNA Vaccine (mRNA-1273) Against Novel Coronavirus May 12, 2020 Moderna Receives FDA Fast Track Designation for mRNA Vaccine (mRNA-1273) Against Novel Coronavirus The dates to note are May 18 and May 12!! Note Tal Zaks trading history [link to gb.wallmine.com (secure)] Look at the 19th May and 12th May Tal Zaks bought stock options when: 1. Moderna recieved its FDA fast track 2. Moderna announced positice interim phase This is blatant insider trading! Everything is blatant these days..and they get away with it. |
Anonymous Coward (OP) User ID: 78946902 Poland 05/23/2020 07:17 PM Report Abusive Post Report Copyright Violation | Take a look at the press releases Quoting: Anonymous Coward 78946902 [link to investors.modernatx.com (secure)] Note these two: May 18, 2020 Moderna Announces Positive Interim Phase 1 Data for its mRNA Vaccine (mRNA-1273) Against Novel Coronavirus May 12, 2020 Moderna Receives FDA Fast Track Designation for mRNA Vaccine (mRNA-1273) Against Novel Coronavirus The dates to note are May 18 and May 12!! Note Tal Zaks trading history [link to gb.wallmine.com (secure)] Look at the 19th May and 12th May Tal Zaks bought stock options when: 1. Moderna recieved its FDA fast track 2. Moderna announced positice interim phase This is blatant insider trading! If you check out Tal's trading history [link to gb.wallmine.com (secure)] There are no options transaction until FDA announces fast track and Moderna announces positive interim phase! This absolutely BLATANT! |
Anonymous Coward User ID: 74827762 United States 05/23/2020 07:20 PM Report Abusive Post Report Copyright Violation | I have a hunch they're politically closer to the side that people like George Soros, Hillary/Bill Clinton, Barack Obama, Bill Gates, Anthony Fauci, Jeff Bezos and the Pelosi-Schiff-Mueller-Comey gang occupy than the other end of the political spectrum. Just a hunch. |
Anonymous Coward (OP) User ID: 78946902 Poland 05/23/2020 07:21 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78946032 United States 05/23/2020 07:21 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 78946902 Poland 05/23/2020 07:24 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 78946902 Poland 05/23/2020 07:25 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 78946902 Poland 05/23/2020 07:33 PM Report Abusive Post Report Copyright Violation | Lorence H. Kim bought just before the FDA announced fast tracking the vaccine, then sold a few days later [link to wallmine.com (secure)] This is absolutely insider trading. He knew then FDA would fast track it and the price would go up! |
Anonymous Coward (OP) User ID: 78946902 Poland 05/23/2020 07:35 PM Report Abusive Post Report Copyright Violation | Check out the Moderna press releases and the date of the trades above [link to investors.modernatx.com (secure)] |
Anonymous Coward (OP) User ID: 78946902 Poland 05/23/2020 07:41 PM Report Abusive Post Report Copyright Violation | Kim Lorence H. acquired 211,978 on the day of the press release, knowing full well the price would increase! [link to www.sec.gov (secure)] |