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Investing.com -- Moderna Inc (BMV:MRNA). shares are seeing a premarket rally of 8.6% following the news that Chief Executive Officer Stephane Bancel and Board Director Paul Sagan have purchased $6 million worth of the company’s stock.
The information was made public through filings with the Securities and Exchange Commission (SEC).
According to the filings, Bancel acquired 160,314 shares for a total of $5 million, while Sagan bought 31,620 shares for $1 million.
This comes at a time when Moderna (NASDAQ:MRNA)’s shares have seen a decline of about 27% in value so far this year, as of the previous close.
In other news, the broader market is showing signs of recovery from the losses experienced on Tuesday.
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