As the majority of stocks pledge following Fed’s news of increasing the interest rates in the coming months, the Pfizer stock has surged 1.97% making it one of the very few stocks on the rise today.
Today’s Pfizer stock rise is attributed to CDC’s approval of the Pfizer COVID-19 boaster shot for children aged between 12 and 15 years.
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To help stock traders eying the Pfizer stock, Invezz has created a brief article on what it is and the best places to buy it.
To find out more, please continue reading.
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What is Pfizer stock?
Pfizer stock is the stock of Pfizer Inc. and it trades on New York Stock Exchange under the symbol NYSE: PFE.
Pfizer Inc. is an American multinational biotechnology and pharmaceutical company that is among the corporations that are actively participating in the production of Covid-19 vaccines and treatment pills.
Pfizer was established in 1849 and is headquartered in Manhattan, New York City.
Should I buy the PFE stock today?
If you are looking for a stock that has surged today, then the Pfizer stock is a good choice.
Nevertheless, the stock has dipped since December 31, 2021 and there are no guarantees that the pullback has hit bottom.
Pfizer stock price prediction
There were high expectations that the Pfizer stock could close the year above $63 especially after the boost it received by FDA Approved the company’s at-home Covid treatment pill, Paxlovid.
However, that did not materialize. Instead, the stock took a dive to about $54 that it is now trying to correct. Analysts expect the stock to go for $59 before the end of January.
$PFE stock social media coverage
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