Pfizer Stock Rallies Hard, Up Over 3.7% Late Friday Morning
Pfizer Inc (NYSE: PFE) shares were rallying strongly late Friday morning, exhibiting robust gains as the stock pushed towards the $24 mark. The pharmaceutical major saw consistent buying pressure throughout the morning session.
As of 11:55 am GMT-4 on April 29th, PFE stock was trading hands at 23.92 USD. This represented a significant increase of 0.87 USD, translating to a gain of 3.77 percent for the day. This moved the stock significantly higher than its previous close of 23.05 USD.
The trading session began with Pfizer opening at 22.83 USD and briefly hitting a low of 22.46 USD. However, the stock quickly reversed course and climbed steadily, reaching an intraday high of 23.96 USD, just above its current trading level.
Pfizer boasts a substantial market capitalization of approximately 135.7 Billion USD. The stock’s Price-to-Earnings (P/E) ratio is currently 17.00. Pfizer also offers a considerable dividend yield of 7.19 percent, appealing to income investors.
Despite the strong gains today, Pfizer’s current stock price remains below its 52-week high of 31.54 USD. It is, however, trading comfortably above its 52-week low of 20.92 USD.
