Pfizer Stock Slump: Will Starboard's Billion-Dollar Bet Spark Rebound?
Pfizer Inc. PFE may have been a hero in the COVID-19 vaccine race, but its stock is stuck in the slow lane. Down nearly 14% over the last year, the pharma giant's shares have struggled as demand for its pandemic-related treatments has fizzled out.But things could get interesting—activist investor Starboard Value just acquired a $1 billion stake in the company.Could this signal a turning point for the pharma giant?Starboard To The Rescue?Starboard Value, led by Jeff Smith, isn't shy about shaking things up. ...