Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Pfizer Inc. shares valued at $79,401 were purchased by Gottlieb Scott on Dec 15 ’23. At $26.47 per share, Gottlieb Scott acquired 3,000 shares. The insider’s holdings grew to 9,000 shares worth approximately $0.24 million following the completion of this transaction.
Also, Gottlieb Scott purchased 1,000 shares, netting a total of over 38,580 in proceeds. Following the buying of shares at $38.58 each, the insider now holds 6,000 shares.
Before that, Gottlieb Scott had added 1,000 shares to its account. In a trade valued at $38,425, the Director bought Pfizer Inc. shares for $38.42 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $0.13 million.
As published in a research note from Argus on March 22, 2024, Pfizer Inc. [PFE] has been rated down from a Buy to a Hold. Analysts at Guggenheim started covering the stock with ‘”a Buy”‘ outlook in a report released in late February. As of January 04, 2024, TD Cowen has decreased its “an Outperform” rating to a “Market perform” for PFE.
Analyzing PFE Stock Performance
During the last five days, there has been a drop of approximately -3.31%. Over the course of the year, Pfizer Inc. shares have dropped approximately -8.58%. Shares of the company reached a 52-week high of $30.28 on 01/02/24 and a 52-week low of $25.61 on 03/04/24. A 50-day SMA is recorded $27.29, while a 200-day SMA reached $31.11. Nevertheless, trading volume fell to 43.49 million shares from 45.19 million shares the previous day.
Support And Resistance Levels for Pfizer Inc. (PFE)
According to the 24-hour chart, there is a support level at 26.12, which, if violated, would cause prices to drop to 25.93. In the upper region, resistance lies at 26.55. The next price resistance is at 26.79. RSI (Relative Strength Index) is 35.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.66, which suggests the price will decrease in the coming days. Percent R is at 91.84%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Pfizer Inc. subject to short interest?
Stocks of Pfizer Inc. saw a sharp steep in short interest on Mar 28, 2024 dropping by -1.12 million shares to 65.0 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 66.12 million shares. A decline of -1.72% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.4 of the overall float, the days-to-cover ratio (short ratio) decline to 1.4.
