Why Pfizer Stock Slumped on Friday
Pfizer(PFE) The Motley Fool·2024-08-16 22:38Investors were cautiously pessimistic about the latest news coming out of the company's lab.In the thick of the coronavirus pandemic several years ago, any positive news from a developer of COVID-19 vaccines or drugs would have been met with a surge of buying in its stock. We're not in 2021 anymore, though, and an encouraging development from Pfizer (PFE -1.43%) on a combination COVID/influenza jab was met with a collective shrug by the market. In fact, investors traded out of the stock to the point that it ...