Please select the second broker

Author: Alan LittleDate: 2020-11-30

AstraZeneca (AZN) up 0.28% on new global vaccine trial

AstraZeneca (AZN) rallied late on to close higher on Friday during a shorter session post-Thanksgiving that saw both the S&P 500 and Nasdaq soar to record highs.

British pharmaceutical company AstraZeneca was in the spotlight last week amid confusion about how effective its coronavirus vaccine candidate actually is after initial tests showed that its results were behind Pfizer (PFE) and Moderna (MRNA).

CEO Pascal Soriot revealed on Friday that AstraZeneca is now planning to complete a global trial to confirm whether a lower dosage could provide a 90% efficacy rate.

Earlier in the week, it was announced by AstraZeneca and Oxford University that overall efficacy was at 70%.

“Now that we’ve found what looks like a better efficacy [in the half dose/full dose regime], we have to validate this, so we need to do an additional study,” Soriot said on Friday.

AZN stock was trading in negative territory for the majority of the session on the London Stock Exchange, but a late rally saw it close 0.28% higher at 7,700 GBX.

It was a different story for Moderna, the US biotech company, which soared 16.35% to $127.03 on the Nasdaq.

Pfizer, whose vaccine is set to be approved by the UK “within days”, according to the Financial Times, finished up 1.92% on the NYSE.

US stock markets closed at 1pm on Friday, but there was still time for the Nasdaq to rise 0.92% to 12,205, which was the index’s 45th record close of 2020.

The Nasdaq also continued its recent gains to finish higher for a fourth straight session, while the S&P 500 advanced 0.24% to 3,638.

The Dow Jones Industrial Average did waver mid-morning, but also eventually climbed 0.13% to 29,910.

Sources:

  • https://www.thestreet.com/markets/stock-market-black-friday-dow-jones-industrial-average-112720
  • https://www.theguardian.com/world/2020/nov/26/scrutiny-grows-over-oxford-universityastrazeneca-vaccine
  • https://bit.ly/3lphp2R
  • https://bit.ly/37fZOp2

 

Scam Brokers, Broker Complaints

Are you aware of a scam broker or want to make a broker complaint?

We want our site users to find good brokers to trade through and to be warned off bad brokers. We encourage you to use our complaints tool to let us know about your experiences.

We have categorised the common complaints to make it easier for you and we have provided some guidance on what you may want to try before submitting a complaint, if our suggestions do not provide you with a resolution then by submitting a complaint, our team will attempt to take up your case with the relevant Broker and if needed, submit a formal report to the regulators.

We use the information you give us to decide if we want to continue to promote a broker on our site.

Your scam broker complaint not only helps you, it helps others and it helps us determine if we continue to support the broker.