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Moderna Stock Is Spiking Because an Omicron Covid Vaccine Could Be Ready in Early 2022

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Moderna stock was rising sharply in premarket trading Monday after the vaccine maker said a reformulated vaccine to tackle the Omicron covid variant could be ready in early 2022.

Moderna (ticker: MRNA) rose more than 9% to $359.80 in premarket trading Monday. The stock gained 20.6% on Friday after Moderna said it was working to rapidly advance an Omicron-specific booster candidate, targeting 60 to 90 days for clinical testing to begin.

“We…

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