2023-10-17
I'm breaking a rule here - I prefer to avoid speculation, but this is only partly speculation - Pfizer's stock price has already dropped fairly precipitously, albeit from a high level. Is this the price activity of a successful company beloved of its customers (and investors), or is there more to the story?
Of course it could be that with Covid now languishing in the past, the scope for selling vaccines is simply greatly diminished, so future profits are not looking so rosy. Still, regardless of what the ordinary person may think of the vaccines, they do tend to be sold to governments behind closed doors, so the stock price is really dependent upon what the governments think is the scope for vaccines in the future. It's not so obvious that they have lost faith in the concept.
"Since November of 2022, Pfizer has deviated from the trend of the pharmaceuticals index, underperforming by 35%"
So maybe there's another reason why investors are seemingly shunning the stock, at least for now?
