Pfizer Inc (PFE) Makes Big Move Relative to Past Month; Down 2.41%

Pfizer Inc 4 Hour Price Update

Updated September 02, 2020 04:39 PM GMT (12:39 PM EST)

PFE’s price is up $0.4 (1.1%) over the past four hours of trading. To help put that in perspective, note that Pfizer Inc’s peers in the in the Pharmaceutical Products industry are up 0.95% on average during this time, while the broader Healthcare sector is up by an average of 1.38%.

Pfizer Inc Daily Price Recap

Pfizer Inc came into today down 2.41% ($0.91) from the open of yesterday, marking the 2nd day in a row a decline has happened. The price move occurred on stronger volume; specifically, yesterday’s volume was up 20.41% from the day prior, and up 42% from the same day the week before. Let’s take a look at the daily price chart of Pfizer Inc.

PFE

Pfizer Inc Technical Analysis

The first thing we should note is that the current price of Pfizer Inc is sitting close to its 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. For another vantage point, consider that Pfizer Inc’s price has gone down 7 of the previous 10 trading days.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about PFE:

    $PFE Getting the cheap options call right is the challenge. You can buy mega options for a week at a time that will probably expire worthless, but IF (big if) P3 is successful and gov't orders more, the stock should rise. My guess is mid September Covid rates skyrocket because of schools that are face to face. That increases pressure for a vaccine to be delivered early. Nov options are best bet of P3 comes out mid-late October. However, this stock could pick up steam in about 2 weeks with a sector rotation.

    DotCoMBoom