Not sure but I am a bag holder on PFE
Guess you get to know more about PFE than you ever wanted to!
Draw the best fit line from 2018 onward, and the support is right where the PPS is at now.
Apparently last Jan the Market didn't like PFE's thin pipeline of forthcoming new products. With management not wishing to give revenue estimates for such products. The stock got punished hitting a low of 27.48. Then came Covid and the vaccine allowing it to go back up.
The problem with their Covid vaccine is the horse will run around the track till the end of 2021. Then what? One might have the NVAX, or J&J vaccine being used as the "booster" of choice over both PFE, and MRNA vaccines. More convenient as a 1 shot(?) vaccine, and no low temp distribution. What is known is for all the headlines, PFE, and MRNA vaccine supply is extremely low. No vaccine appointments available in NC.
Still $Bs of profit are $Bs that PFE can use to fill out their pipeline. As in acquire small caps. Assuming they can get production ramped up more. Until then one has the PFE monster needing clinical trial news to budge back up to 40+. It will no doubt get back up, but it will be a slow slog. Typical large cap Pharma.
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