The graph in the CNBC tweet seems pretty misleading without context, and I’ve seen it criticized elsewhere for this reason. Since roughly the start of 2020, NovaVax stock is up 4300%, Moderna is up 730%, and BioNTech is up 460%. (Pfizer is only up 6%, but it’s also about an order of magnitude larger, so a single product line would not have the same effect on the stock price.) Three of the four are still higher than they were in just mid-April; NovaVax is about the same as it was. And I’m trying to be conservative here, and attribute all the recent price drops to the patent issue, but the biggest drops happened in the week before 5⁄5, and are not visible on the graph in the tweet.
Granted, the stock prices have recovered a bit since you wrote this, which is information you didn’t have, but even still—the price drop depicted in that tweet is a pretty minor fluctuation in the context of even a week or two of price movements, and even considering the total drop from most recent peak to now (which has different timing for each stock, so presumably they aren’t 100% from a common cause) you’re looking at drops of 3-25%, which is obviously not tiny, but it hasn’t come anywhere near wiping out the tremendous growth in the value that the market has placed on these companies since the start of COVID. The market doesn’t love this news, but it still likes all four companies pretty well regardless.
The graph in the CNBC tweet seems pretty misleading without context, and I’ve seen it criticized elsewhere for this reason. Since roughly the start of 2020, NovaVax stock is up 4300%, Moderna is up 730%, and BioNTech is up 460%. (Pfizer is only up 6%, but it’s also about an order of magnitude larger, so a single product line would not have the same effect on the stock price.) Three of the four are still higher than they were in just mid-April; NovaVax is about the same as it was. And I’m trying to be conservative here, and attribute all the recent price drops to the patent issue, but the biggest drops happened in the week before 5⁄5, and are not visible on the graph in the tweet.
Granted, the stock prices have recovered a bit since you wrote this, which is information you didn’t have, but even still—the price drop depicted in that tweet is a pretty minor fluctuation in the context of even a week or two of price movements, and even considering the total drop from most recent peak to now (which has different timing for each stock, so presumably they aren’t 100% from a common cause) you’re looking at drops of 3-25%, which is obviously not tiny, but it hasn’t come anywhere near wiping out the tremendous growth in the value that the market has placed on these companies since the start of COVID. The market doesn’t love this news, but it still likes all four companies pretty well regardless.