Why Pfizer Stock Popped on Monday
Pfizer(PFE) The Motley Fool·2024-10-07 16:18Can Starboard Value and former CEO Ian Read save Pfizer stock?Pfizer (PFE 2.89%) stock jumped 3.1% through 11:20 a.m. ET Monday morning in response to a Wall Street Journal article over the weekend, reporting on a $1 billion investment in the company by activist investor Starboard Value. With Pfizer stock down 50% from the record-high prices its shares commanded during the height of the pandemic, Starboard is offering to help Pfizer turn its business around.How Pfizer got itself in a pickleAs the Journal ex ...