Pfizer Stock in the Spotlight on Upbeat Trial Data

The equity has pulled back from recent record highs

Deputy Editor
Sep 20, 2021 at 10:03 AM
facebook X logo linkedin


Pharmaceutical company Pfizer Inc. (NYSE:PFE) just revealed trial data that showed its coronavirus vaccine is safe and effective for children ages 5 to 11. The company, along with partner BioNTech (BNTX), plans to submit its results to the U.S. Food and Drug Administration (FDA) and other regulators for approval "as soon as possible."

PFE is trading flat this morning despite the news, last seen up 0.3% at $44.03. The stock steadily worked its way lower on the charts after an Aug. 18, all-time high of $51.86, and is now below a slew of short-term moving averages. For the year, PFE still sports a 19.2% lead. 

An upward shift in sentiment could still be in the cards, as analysts are still approaching the stock with caution. Of the 13 in coverage, four say "strong buy," and nine say "hold." Meanwhile, the 12-month consensus price target of $42.97 is an 8.9% premium to current levels. 

Tailwinds could also come from an unwinding of pessimism in the options pits. This is per Pfizer stock's 10-day put/call volume ratio at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which stands higher than 89% of readings from the past year, indicating puts being picked up at a faster-than-usual rate. 

Plus, now looks like a good time to speculate on PFE's next move with options. Pfizer stock's Schaeffer's Volatility Index (SVI) of 26% stands in the 17th percentile of readings from the past year, suggesting options traders are pricing in low volatility expectations right now.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI