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Pfizer Inc. stock outperforms market despite losses on the day

Shares of Pfizer Inc. PFE, -0.65% slid 0.65% to $50.80 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -1.20% falling 1.20% to 3,783.22…

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Pfizer Inc. stock outperforms market despite losses on the day

From the Equity Insider archive. This article dates from Dec 28, 2022 and is preserved as first published.

Shares of Pfizer Inc. PFE, -0.65% slid 0.65% to $50.80 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -1.20% falling 1.20% to 3,783.22 and Dow Jones Industrial Average DJIA, -1.10% falling 1.10% to 32,875.71. This was the stock’s second consecutive day of losses. Pfizer Inc. closed $9.00 short of its 52-week high ($59.80), which the company achieved on December 31st.

80 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -1.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Johnson & Johnson JNJ, -0.43% fell 0.43% to $176.66, Eli Lilly & Co. LLY, +0.09% rose 0.09% to $365.22, and Abbott Laboratories ABT, -0.68% fell 0.68% to $107.83. Trading volume (10.0 M) remained 11.4 million below its 50-day average volume of 21.4 M.

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