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Pfizer Inc. (PFE) Becoming More Attractive for Investors

Pfizer Inc.’s recent filing unveils that its Director Gottlieb Scott acquired Company’s shares for reported $79401.0 on Dec 15 ’23. In the deal valued at $26.47 per share,3,000 shares were bought. As a result of this transaction, Gottlieb Scott now holds 9,000 shares worth roughly $0.23 million.

Then, Gottlieb Scott bought 1,000 shares, generating $38,580 in total proceeds. Upon buying the shares at $38.58, the Director now owns 6,000 shares.

Before that, Gottlieb Scott bought 1,000 shares. Pfizer Inc. shares valued at $38,425 were divested by the Director at a price of $38.42 per share. As a result of the transaction, Gottlieb Scott now holds 5,000 shares, worth roughly $0.13 million.

Argus downgraded its Pfizer Inc. [PFE] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Guggenheim’s analysts, who began to cover the stock in late February with a ‘”a Buy”‘ rating. TD Cowen also remained covering PFE and has decreased its forecast on January 04, 2024 with a “Market perform” recommendation from previously “an Outperform” rating.

Price Performance Review of PFE

On Friday, Pfizer Inc. [NYSE:PFE] saw its stock fall -1.82% to $25.86. Over the last five days, the stock has lost -3.00%. Pfizer Inc. shares have fallen nearly -10.18% since the year began. Nevertheless, the stocks have fallen -37.49% over the past one year. While a 52-week high of $41.79 was reached on 01/02/24, a 52-week low of $25.61 was recorded on 03/04/24. SMA at 50 days reached $27.26, while 200 days put it at $31.01. A total of 42.75 million shares were traded, compared to the trading of 32.81 million shares in the previous session.

Levels Of Support And Resistance For PFE Stock

The 24-hour chart illustrates a support level at 25.69, which if violated will result in even more drops to 25.51. On the upside, there is a resistance level at 26.18. A further resistance level may holdings at 26.49. The Relative Strength Index (RSI) on the 14-day chart is 30.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.69%. Stochastics %K at 6.68% indicates the stock is a buying.

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