why is pfizer stock so low reddit
PFE burst into the spotlight in 2020 when the company said it was on the verge of a vaccine for the novel coronavirus. Last year the major market indexes skyrocketed.
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Shares in the American pharmaceutical corporation Pfizer PFE are currently trading 17 down from their all-time August closing highs of 5042.
. Even if youre 100 convinced that you want to buy the stock you should understand why somebody is selling it to you at this price that youre willing to buy it at. But not Pfizer PFE 172. Businesswise I think most sophisticated pharma investors understand that vaccines are a relatively low.
A company like pfizer has been around for years so developing a vaccine wont raise their stock price more than what its already valued at. Stock buyback and dividend increase. The stock price of Pfizer reached an all-time high of 52 last week before a recent sell-off in Covid-19 vaccine stocks drove PFE down to its current level of around 48.
One of the few gainers was Moderna stock - Get Moderna Inc. Why is pfizer stock so low reddit Thursday March 10 2022 Edit. As opposed to moderna a relatively new company.
PFE stock jumped on the news but quickly. For Germanys BioNTech its a different story. Pfizer has a Forward PE ratio of 667 right now.
This represents a discount compared to its industrys average Forward PE of 1254. Dropped 56 and 35 respectively while Pfizer slid 4 to a more than two-month low after its 2022 sales and profit. Report which jumped 20 on Fridays trading session while Pfizer stock - Get Pfizer Inc.
Businesswise I think most sophisticated pharma investors understand that vaccines are a relatively low margin business. Why is pfizer stock down reddit. So while COVID vaccinations should be good for the market.
At least one of them though isnt a problem anymore. Why Is Pfizer Stock So Low. Report was up a.
There are two main reasons.
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