Quote:
Originally Posted by 68style
I’m curious and feeling less optimistic wondering why the CEO of Pfizer dumped $5mill of stock right after the announcement... if it’s as great as it’s being made out to be wouldn’t it be better to play long on it until the release?
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Truth is, vaccines are not huge money makers. In the long run, it's not going to do much for the company's profit. It's why you don't really see many new vaccines these days compared to yesteryear. When someone does create a vaccine for something like Shingles, it costs an arm and a leg because it's not common and the company may not recoup their costs.
Don't think too much about $5MM of stock, it's probably a small percentage of his holdings in the company. Probably needed a new boat... lol