Quote:
Originally Posted by Azure
If the vaccine is promising, why would he sell? Once it is being administered to the public and jurisdictions start opening up I'd expect Pfizer to climb, no?
I'm not saying they are lying, but I don't understand why someone well sell, especially if their stock didn't exactly jump like it could have.
Was it timed to sell in advance?
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Yes, it was timed to sell in advance.
If I was him, I'd probably sell as well. Being the first to announce vaccine efficacy probably results in a bump. Later this month, Moderna then Oxford then Johnson & Johnson in December will be announcing theirs and with each of those announcements, expect a Pfizer drop. Especially Johnson & Johnson which doesn't need to be stored in as cold temperatures and doesn't require a booster shot.