Markets
Moderna, Illumina and Neogen Slide Together as the Pandemic-Preparedness Trade Comes Off
Three high-momentum health care names fell between 6.9% and 8.1% on Tuesday, following a World Health Organization assessment that played down plague risk in Russia.
By Marcus Elrod
Oct 6, 2026 · 2 min read
Some of the best-performing health care stocks of the past year fell hard together on Tuesday, in a session when the S&P 500 set a record. Moderna closed at $187.46, down $15.75 or 7.75%. Illumina ended at $273.54, down $20.15 or 6.86%, after touching a 52-week high of $309.35 at the open. Neogen, the food-safety testing company, closed at $11.96, down $1.05 or 8.07%.
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Marcus Elrod
Marcus tracks positioning, flows and rates. He writes CI's weekly market internals column.
Marcus Elrod writes for Corporate Insider Inc.