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On September 12, 2025,
(MRNA) recorded a trading volume of $0.74 billion, a 149.64% increase from the previous day, ranking it 116th in market activity. Despite the surge in liquidity, the stock closed 7.40% lower, reflecting a significant pullback in investor sentiment.The price decline coincided with a lack of new catalysts in the biotech sector. Analysts noted muted momentum following a recent earnings report that failed to meet revised revenue expectations. While the company’s
platform remains a strategic focus, short-term volatility appears tied to broader market rotation away from growth stocks amid rising bond yields. Institutional selling pressure was evident, though no material news or regulatory updates directly linked to Moderna’s fundamentals were reported.To run this back-test rigorously, implementation details require clarification: the stock universe scope (e.g., all U.S. equities vs. Russell 3000), trade timing (e.g., open vs. close execution), weighting methodology (equal-weight vs. dollar-neutral), frictional cost assumptions, and delisted stock inclusion for bias control. Confirmation of these parameters will enable the automated data-retrieval process to proceed.

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