Pfizer stock moved up on Wednesday after the US Food and Drug Administration (FDA) approved the emergency use of Pfizers at-home Covid treatment pill Paxlovid. The stock is still trading high today having registered a 1.02% today.
Pfizer’s approved at-home Covid treatment pill is the first of its kind to be cleared in the United States.
Earlier on Wednesday, Pfizer agreed to cumulatively sell about 4.25 million doses of Paxlovid to the United Kingdom, as it ramps up global production to around 80 million doses this year and as many as 4 billion doses by 2022.
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 been on a relentless bullish trend, then Pfizer stock is a good choice.
Pfizer stock price prediction
There are high expectations that the PFE stock shall close the year above $63 especially after the boost it received by FDA Approved the company’s at-home Covid treatment pill, Paxlovid.