Diamonds and Dogs

3/16/21

Moderna (MRNA) starts Phase 2/3 study of COVID-19 vaccine on children under 12 years old. Moderna is up 7% as the vaccine roll-out continues. Moderna has grown sales from basically zero in 2019, to a billion last year and projections of $16 billion this year. Not bad.

Pullback in AMC Entertainment (AMC). The movie theater operator is down 7% after a big run up yesterday. AMC is reopening two of its flagship locations in Los Angeles and expects that it will open all 23 of its remaining movie theatres in LA County by March 19th.

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