Pfizer Inc. stock falls Wednesday, underperforms market

Pfizer Inc. stock falls Wednesday, underperforms market

Shares of Pfizer Inc. PFE, 0.29% sank 0.39% to $35.91 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, 0.22% rising 0.15% to 4,079.95 and the Dow Jones Industrial Average DJIA, -0.09% rising 0.05% to 33,446.26. This was the stock’s third consecutive day of losses. Pfizer Inc. closed $7.17 short of its 52-week high ($43.08), which the company reached on December 9th.

The stock underperformed when compared to some of its competitors Wednesday, as Johnson & Johnson JNJ, 0.01% rose 0.13% to $163.61, Merck & Co. Inc. MRK, -0.32% rose 0.44% to $76.12, and Novartis AG ADR NVS, 0.78% fell 0.07% to $86.30. Trading volume (21.7 M) remained 9.9 million below its 50-day average volume of 31.7 M.

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