PFE - What's Going On With Pfizer Stock Wednesday? | Benzinga
Pfizer Inc (NYSE:PFE) shares are trading higher Wednesday, bouncing back after the stock hit its lowest levels in more than 10 years this week. Here’s what you need to know.
What To Know: Pfizer shares were trading at 11-year lows earlier this week, but the stock climbed higher Tuesday afternoon after Ritholtz Wealth Management’s Josh Brown called it the best opportunity in the market on CNBC’s "Fast Money Halftime Report.” Pfizer shares appear to be moving on continued momentum Wednesday.
Brown explained Tuesday that Pfizer went all-in on vaccines during the COVID-19 pandemic and is still recovering from slowing vaccine demand. Pfizer is also lacking near-term catalysts so people are selling it and looking to put money to work elsewhere, he added.
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