Posted on 02/01/2023 6:28:49 PM PST by Golden Eagle
Shares of Pfizer suffered their biggest monthly decline since 2009 in January as investors anticipated a troubled path ahead for the drugmaker’s Covid products.
The stock has slumped 15% this month, erasing $43 billion in market value. In its earnings report on Tuesday, Pfizer presented a weaker-than-estimated sales outlook for its Covid vaccine and pill, and its shares fluctuated.
“PFE was already widely expected to guide below consensus – and the ’23 guide delivered on that,” Barclays analyst Carter Gould, who has a hold-equivalent rating on the stock, wrote in a note. Given the stock’s decline so far this month, “there had been hope for a bounce once the print was out of the way, however, we’re skeptical that will materialize in the near-term.”
(Excerpt) Read more at dailynews.com ...
GOOD!
That tends to happen when you throw out your credibility for quick profit over an untested vaccine. I wouldn’t knowingly buy any of their products.
Get ready for more fake vax commercials peddled by Hollyweird and libtard politicians
They have to keep their stock prices up
Fraud invalidates their immunity from liability.
And there was plenty of fraud.
Sweet!
It’s NICE being a leader in LOSS... This is actually good news. I never did get the vax... I’m happy and glad.
I hope it’s just the beginning of their losses, and that it doesn’t end until they lose their freedom, when they become incarcerated for crimes against humanity.
What a knee slapper!
No bonus for bozo!
loses, now THERE’S a word taken out of context...
Just wait until the large class actions get going. Pfizer committed outrageous and blatant fraud.
That liabilty protection goes away because of the fraud.
Yep, china announced their latest lab mutated and developed variant 'Orthrus'. Of course a new fake vax needs to be made now.
Who said there was only bad news.
Awww
Yep. Great news....
Whole company needs to be arrested and hanged for crimes against humanity.
They need to be sued into bankruptcy.
Who cares?
Its a $25-$50 stock that will never $100.
Now if Comcast, AT&T, Nike, Walmart and all of the other woke corporations can post that kind of loss we may be getting somewhere.
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