Pfizer (PFE) Offering Possible 29.53% Return Over the Next 16 Calendar Days

Pfizer's most recent trend suggests a bearish bias. One trading opportunity on Pfizer is a Bear Call Spread using a strike $49.00 short call and a strike $54.00 long call offers a potential 29.53% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $49.00 by expiration. The full premium credit of $1.14 would be kept by the premium seller. The risk of $3.86 would be incurred if the stock rose above the $54.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Pfizer is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Pfizer is bearish.

The RSI indicator is at 23.1 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Pfizer

UPDATE 2-Pfizer keeps sales forecasts for COVID pill, vaccine unchanged
Tue, 03 May 2022 10:57:26 +0000
Pfizer Inc maintained its sales forecasts for its COVID-19 vaccine and pill for the first time since the U.S. drugmaker launched them, in a sign that the rapid demand in the past few quarters has slowed. “Overall, we expect the recent trends to expand access (to Paxlovid), as well as inquiries received from governments as the virus mutates and causes spikes in infections around the world, to result in increased orders in the coming months,” said Pfizer Chief Executive Officer Albert Bourla. The company also reiterated its forecast of $32 billion in sales from the vaccine it developed with BioNTech.

Pfizer keeps sales forecasts for COVID pill, vaccine unchanged
Tue, 03 May 2022 10:56:30 +0000
The company said it expects $22 billion in sales of its COVID pill Paxlovid this year, compared with analysts' average expectation of $26.1 billion. “Overall, we expect the recent trends to expand access (to Paxlovid), as well as inquiries received from governments as the virus mutates and causes spikes in infections around the world, to result in increased orders in the coming months,” said Pfizer Chief Executive Officer Albert Bourla. The company also reiterated its forecast of $32 billion in sales from the vaccine it developed with BioNTech.

Pfizer Reports First-Quarter 2022 Results
Tue, 03 May 2022 10:45:00 +0000
NEW YORK, May 03, 2022–Pfizer Inc. (NYSE: PFE) reported strong financial results for first-quarter 2022 and updated certain components of 2022 financial guidance(4). Pfizer reaffirmed its previous 2022 revenue guidance, including its guidance for Comirnaty(1), the Pfizer-BioNTech SE (BioNTech) COVID-19 vaccine, and for Paxlovid, its oral COVID-19 treatment, despite unfavorable impacts from foreign exchange.

US STOCKS-Wall Street up before Fed meet as tech buying punctuates volatile trade
Mon, 02 May 2022 21:00:19 +0000
The gathering of U.S. central bank policymakers is widely expected to raise interest rates by half a percentage point, with this week's move expected to kick off a period of aggressive rate hikes to counter inflation. Nervousness heading into the meeting was reflected in a topsy-turvy session for U.S. equities.

Why Moderna Shares Rallied Nearly 6% on Monday
Mon, 02 May 2022 20:24:10 +0000
Shares of biotech Moderna (NASDAQ: MRNA) ended today's session higher by 5.7%. Much of today's credit for Moderna's gain can go to pharmaceutical giant Pfizer (NYSE: PFE), not for what happened, but for what didn't. In that Moderna is also heavily involved in the battle against COVID, any failure from a competitor translates into opportunity for a business with a similar product already on the market.

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