Pfizer, BioNTech Stocks Rise After Final Vaccine Update

Pfizer will seek FDA approval within days

Deputy Editor
Nov 18, 2020 at 10:18 AM
facebook X logo linkedin


Once again, Pfizer Inc. (NYSE:PFE) and BioNTech SE (NASDAQ:BNTX) are dominating headlines, after the two drugmakers announced their coronavirus vaccine candidate was 95% effective as its final result. Pfizer also said it plans to seek U.S. Food and Drug Administration (FDA) approval within days. 

As a result of today's announcement, PFE is up 3.2%, last seen trading at $37.27. Pfizer stock soared to annual highs last time we reported on the company's vaccine update. Though it pulled back slightly since then, the equity has risen above the $37 level once again, with a floor of support near $35. Additionally, PFE is just shy of its year-to-date breakeven mark. 

Meanwhile, BNTX is up 4.5% to trade at $90.80. Similarly, when we last checked on BioNTech stock following the vaccine update, the equity surged to an all-time high of $115. While the equity has pulled back over the last three sessions, the 40-day moving average has been a steady leg of support. In fact, the security remains up 163% in 2020.

In the options pits, bulls are still running amuck, with BNTX and PFE seeing 50-day call/put volume ratios of 3.73 and 8.51, respectively, at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). Both ratios show calls handily outpacing puts, indicating a heavy preference for bullish over bearish bets of late.

 

Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.


Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!