Moderna added to Nasdaq‑100, replacing Warner Bros. Discovery on Oct. 9 2026

Nasdaq announced that Moderna Inc. will become a component of the Nasdaq‑100 Index on October 9 2026, taking the place of Warner Bros. Discovery, which is exiting ahead of its merger with Paramount Skydance. The change reflects Moderna’s market‑capitalisation and liquidity, not its profitability. The swap will trigger passive‑fund rebalancing for index‑tracking vehicles.

The inclusion will cause funds that track the Nasdaq‑100 to buy Moderna shares and sell Warner Bros. Discovery, creating mechanical demand for MRNA and supply pressure on WBD. Nasdaq’s statement notes the move is driven by index eligibility rules.

  • 1Moderna will be added to the Nasdaq‑100 before market open on October 9 2026.
  • 2Warner Bros. Discovery will be removed from the Nasdaq‑100 on the same date.
  • 3Moderna’s market capitalisation is approximately $75.43 billion.
  • 4Moderna’s price‑to‑sales ratio stands at 33.22.
  • 5Insiders have sold shares worth $64.6 million in the past year.
  • 6Moderna shares rose about 0.6% in after‑hours trading following the announcement.
  • Share‑price rise percentages differ across sources (0.6% after‑hours, 42.12% over 20 days, 2.2% pre‑market).

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