MRNA · Nasdaq · Health Technology

What does it cost to trade Moderna, Inc.?

Q: How much does it cost to buy $10,000 of Moderna, Inc.?

PreTrAIde estimates about $3.17 (3.17 bps) for a $10,000 market order in Moderna, Inc.: $3.00 of half-spread and $0.17 of market impact, before any broker commission.

Q: Is Moderna, Inc. a liquid stock?

Moderna, Inc. trades about $4.1B a day, in the deep liquidity tier of PreTrAIde's model, with an estimated quoted spread of 6.00 bps.

Q: How volatile is Moderna, Inc.?

Its daily volatility is about 4.56% (very high). The 1-day 95% value at risk on a $10,000 position is about $750.

A $10,000 order costs about $3.17 (3.17 bps) between the half-spread and market impact.

Data as of 1 November 2026

Cost of $10k$3.17

Estimated quoted spread6.00 bps

Average daily trading value$4.1B

Daily volatility4.56%

1-day VaR (95%) on $10,000$750

Liquidity tierDeep

Estimated cost by order size

Order	Half-spread	Market impact	Total	Share of daily volume
$1,000	3.00 bps	0.07 bps	$0.31 · 3.07 bps	< 0.01%
$10,000	3.00 bps	0.17 bps	$3.17 · 3.17 bps	< 0.01%
$100,000	3.00 bps	0.43 bps	$34.32 · 3.43 bps	< 0.01%

Liquidity

Moderna, Inc. trades about $4.1B a day, which puts it in the deep liquidity tier. At that depth the model estimates a quoted spread of 6.00 bps, so a market order pays roughly half of it on the way in, and again on the way out. An order stays below 1% of a normal day's trading up to about $41.2M.

Volatility and risk

Daily volatility is around 4.56%, which is very high for a stock. On a $10,000 position, the 1-day value at risk at 95% is about $750: on one trading day in twenty, a loss larger than that should be expected. Volatility also widens spreads, which the cost estimate above already includes.

How these figures are estimated

Spread: PreTrAIde's liquidity-tier model (average daily trading value) with a volatility uplift and a one-tick floor. Market impact: an Almgren-Chriss-style model on the order's share of daily volume. VaR: 1.645 × daily volatility. Inputs are 30-day average volume and recent price range. These are estimates, not quotes: the real cost depends on the market when the order is placed. PreTrAIde Methodology: How a Pre-Trade Analysis Is Computed

Frequently asked questions

How much does it cost to buy $10,000 of Moderna, Inc.?

PreTrAIde estimates about $3.17 (3.17 bps) for a $10,000 market order in Moderna, Inc.: $3.00 of half-spread and $0.17 of market impact, before any broker commission.

Is Moderna, Inc. a liquid stock?

Moderna, Inc. trades about $4.1B a day, in the deep liquidity tier of PreTrAIde's model, with an estimated quoted spread of 6.00 bps.

How volatile is Moderna, Inc.?

Its daily volatility is about 4.56% (very high). The 1-day 95% value at risk on a $10,000 position is about $750.

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Educational content, not investment advice. PreTrAIde is analysis software, not a broker: it never executes orders, and its verdicts are decision support, not recommendations to buy or sell.