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What to make of Pfizer, Moderna insiders dumping stock?
February 18, 2021
Insiders at Pfizer, Moderna, and other COVID-19 vaccine makers were sellers of their company s stock.
Moderna executives sold $321 million worth of shares while Pfizer CEO Bourla sold 60% of his stake.
Experts agree there isn t anything illegal with this action.
Insiders at Pfizer Inc. (NYSE: PFE) and Moderna Inc (NASDAQ: MRNA) and other COVID-19 vaccine makers collectively sold nearly half a billion dollars worth of their stock but one pro isn’t alarmed by the trend, The Wall Street Journal reported.
What are insider trades?
Whenever a high-ranking executive at a public company buys or sells their company’s stock, the transaction has to be reported to the public. There is nothing illegal or nefarious about these purchases, provided the action wasn’t based on information or knowledge not known to the public. ....

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