Moderna, Inc. MRNA shares are trading lower Monday alongside other vaccine stocks amid a selloff after the sector gained amid rising cases. Weakness comes after Pfizer said it expects a 24% vaccination rate this year.

What Else: Moderna stock has gained nearly 10% in past few weeks on rising COVID cases in the US. Recently, shares of Moderna were boosted by news that the EMA Committee for Medicinal Products for Human Use adopted an opinion recommending authorization of the company's updated COVID-19 vaccine in the EU.

However, Moderna stock was down nearly 9% Monday, marking a selloff from the recent high.

Related Link: Trump Vs. Biden, Cannabis Legalization Could Play A Bigger Role Than Their Ages

MRNA Price Action: Shares of MRNA were down 8.22% at $105.17 at the time of publication, according to Benzinga Pro.

Image by fernando zhiminaicela from Pixabay