All Moderna has to do is add about 9% in a day, and that's the equivalent of adding NVAX's market cap to their value... Looks like that's happening again today, as it's happened so many times during the last 2 months.
With a market cap now almost $150 billion, could Moderna make a stock offer for NVAX?
MRNA could offer 2x NVAX price today in MRNA stock $27B. It would be a drop in the bucket considering MRNA has added about $110B in market cap in the last 2 1/2 months or so... Much of MRNA gains are likely due to NVAX's struggles to get to market. But when NVAX gets to market it will likely soar, and MRNA will likely give back.
So with MRNA stock so richly valued and NVAX so poorly valued, it could be time for MRNA to strike.