Pfizer Share Price

Pfizer Share Price – Global stock markets soared on November 9 when Pfizer and BioNet announced the development of a 90% effective vaccine. But there are significant differences in stock prices in different companies and sectors because of the news.

The outbreak of the Covid-19 pandemic in March caused a dramatic drop in global stock markets within days (Campbell, 2020).

Pfizer Share Price

After the first weeks of the lockdown, markets began to recover, and in the case of the United States and China, rose above their pre-pandemic levels (Kevin and Turner, 2020). However, the recovery in the US was mainly driven by NYFANG companies (Facebook, Amazon, Apple, Netflix and Google), whose services and products saw a great increase in demand due to the ban (Reggiani et al, 2020).

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Global stock markets soared when Pfizer and BioNTech announced in November that they had developed a vaccine that had been tested on 43,500 people in six countries and was estimated to be 90% effective. The two companies said they could produce 1.3 billion doses of the vaccine by the end of 2021.

There were significant differences in the impact of media share prices by sector and by company.

The answer is simple: news. According to Nobel laureate Eugene Fama, stock markets collect investors’ opinions quickly and efficiently (Fama, 1970). As a result, when new news hits the market, investors quickly process the information and the news is reflected in stock prices.

Pfizer’s IPO sent its stock up about 15% in the first hours, but has since fallen slightly and returned to near post-announcement levels (see Figure 1). Initially, shares of AstraZeneca, whose AZD1222 vaccine is in the third phase, fell slightly after Pfizer’s announcement, but have since recovered. Due to the importance of public health, the general expectation of both companies is that there will be a moderate impact on their profits (Burn, 2020).

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Pfizer’s good news announcement had a more significant and lasting impact on the stock market than the company itself. The market reaction of various economies is shown in Figure 2.

Why did markets react this way? The vaccine will allow the economy to get out of the restrictions and restrictions of Covid-19 and get back to normal. Obviously, the highest growth was recorded in countries affected by the epidemic – for example, Spain (IBEX 35) and France (CAC 40). In China, the response was more limited, especially because compared to other countries, it was more effective in keeping Covid-19 under control.

As you can see in Figure 2, the Nasdaq did not react as well to the vaccine news as other indexes, because it was not good news for certain technology companies, such as Zoom Video Communications and Peloton, which had equally broad gains in the lock. policy. platforms are used for online meetings and physical classes.

Table 1 shows how different sectors of the UK stock market reacted to the vaccination news. The news benefited companies that have suffered the most during the shutdown, such as oil, consumer services and airlines. Shares in British Airways parent IAG rose 35%, while contract supplier Compass Group rose 19%. But the vaccine was bad news for companies such as Ocado and Just Eat Takeaway, which saw demand for their services increase during the lockdown.

Pfizer Stock Needs A Booster To Clear Resistance On The Chart

Have questions about any of these topics? Or are you an economist and have an answer? Investors are trying to drive down the price of Pfizer Inc.’s stock. (PFE) after the company announced its fourth quarter results. After hitting a 52-week high in late December 2021, Pfizer shares fell in 2022. Analysts had expected the pharmaceutical giant to report earnings per share (EPS) of $0.85 on revenue of $23.8 billion. Pfizer met revenue expectations and beat earnings per share, reporting earnings of $1.08 per share for the quarter. The company’s COVID-19 vaccine contributed $12.5 billion in global revenue, more than half of the company’s quarterly revenue.

The COVID-19 pandemic has been a boon for Pfizer, with the company’s stock up 47% over the past year. Last quarter, the FDA extended emergency use authorization (EUA) for a booster dose of Pfizer’s COVID-19 vaccine, as well as emergency authorization for the vaccine for children ages 5-11. In December 2021, the FDA granted EUA for Pfizer’s oral COVID-19 treatment, Paxlovid, a home treatment designed to treat mild to moderate COVID-19 infections.

Options traders have taken notice of this development, and it looks like Pfizer’s stock price will rise soon. This is because Pfizer’s recent trading cycles and open interest are biased bullish, suggesting that traders have been buying calls while selling puts.

Pfizer is the ten largest holding in the State Street Healthcare Sector ETF ( XLV ). This sector has recently outperformed the market as a whole. XLV is down 5.2%, while the S&P 500 Index ETF (SPY) is down 6% year to date. The chart below shows XLV’s recent performance against Pfizer and the nine major S&P 500 stocks.

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What is notable about this chart is that the sector rotation shows that investors are positioning themselves to adjust to inflation versus inflation. The high performing sectors — energy (XLE), consumer staples (XLP), financials (XLF), utilities (XLU) and health care (XLV) — are “safe” bets in times of rising prices and interest rates. .

Almost all of these sectors represent “needs” and are considered sectors where consumers concentrate their purchasing power in the face of rising prices. It is worth noting that this time, Pfizer itself won in all sectors at the end of December, but it fell in the top list of stocks in this comparison.

The health care sector includes businesses that provide health care services, manufacture medical devices or drugs, provide health insurance, or otherwise help provide health care to patients.

The health care sector is considered a good investment in a booming environment because people are always looking for medical care. Demand in this sector is immune to inflationary pressures. Contractual agreements with HMOs and providers also limit the ability to adjust for inflation. The chart below compares Pfizer’s recent performance against the largest holdings in the State Street Healthcare Sector ETF ( XLV ).

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This chart helps highlight the wide range of stock performance in this sector. Notably, despite being the largest XLV business, Pfizer is lagging behind in the sector.

As one of the leading suppliers of the vaccine against COVID-19, Pfizer stock is expected to outperform the sector. Pfizer’s recent performance is in stark contrast to the company’s main competitor in the COVID-19 space, Johnson & Johnson ( JNJ ). The chart below compares Pfizer to Johnson & Johnson, XLV and iShares USA. Pharmaceuticals ETF (IHE).

This chart highlights the wide gap between J&J and Pfizer’s recent performance. While each of these is XLV’s largest, J&J and Pfizer account for more than 20% of IHE’s weight. Although Pfizer is one of the leading members of the IHE, Pfizer still underperforms the IHE at this time. This chart comparison can shed light on the recent sentiment of Pfizer stock in the sector and the sector as a whole compared to its peers following the company’s earnings report.

Analysis of recent options activity combined with technical analysis of the stock price can help chart watchers gain valuable insight into the general sentiment surrounding Pfizer stock. The chart below shows the recent price action of Pfizer’s stock price on Thursday, February 10.

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The chart shows how Pfizer’s stock price has oversold in a volatile range from the previous earnings report to the 52-week high marked by the green price bubble at the end of December. From that point onward, Pfizer stock has moved lower, closing just below its 20-day moving average. This trend is highlighted in blue.

In this chart, the purple bars are historical extremes of volatility created by 4 standard deviations of the 20-day Keltner channel indicators and represent price levels multiples of the Average True Range (ATR) of Pfizer stock. ATR is a standard tool for showing historical volatility over time. These bands can be seen as extreme ranges of option prices.

The Keltner Channel indicator shows semi-parallel lines based on a 20-day simple moving average with a top and bottom line. Since the upper lines are drawn by adding the ATR multiple to the average and the lower lines are drawn by subtracting the ATR multiple from the average value, this channel indicator is an excellent tool for showing historical volatility.

It’s worth noting that these bands widened in late December, when Pfizer stock hit a 52-week high, and have since declined.

Effectiveness Of Pfizer Biontech And Moderna Vaccines Against Covid 19 Among Hospitalized Adults Aged ≥65 Years — United States, January–march 2021

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