Pfizer Stock Rises on Upbeat RSV Vaccine Trial Data

A shift in sentiment could boost PFE stock

Digital Content Manager
Apr 9, 2024 at 10:25 AM
facebook X logo linkedin


Pfizer Inc (NYSE PFE) stock is up 1.7% at $27.04 at last check, following news a late-stage trial of its respiratory syncytial virus (RSV) vaccine Abrysvo generated an immune response in higher risk adults under the age of 60. The company plans to seek expanded approval of the vaccine for ages 18 to 59.

Shares are still struggling with resistance at the $29 level, which has been in place since January and rejected a mid-March rally off 11-year lows. In the last 12 months, PFE shed 35.3%.

Short-term options traders lean bearish. This is per PFE's Schaeffer's put/call open interest ratio (SOIR) of 1.05 that sits at the top percentile of annual readings. This means a shift in sentiment could generate tailwinds for Pfizer stock.

There's also room for optimism in the options pits. In fact, 11 of the 20 brokerage firms in question still rate the security a tepid "hold," while the remaining nine say "buy" or better. 

 

 

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!