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Apr.22
12:29 PM ET
Tuesday, 22 Apr 2008
Pfizer Falls Below $20
Posted By:Robert Hum
Topics:Dow Jones Industrial Average | Stock Market
Companies:Procter & Gamble Co | General Electric | Pfizer Inc
The downtrend for Pfizer [PFE
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] has continued today. The drug company’s stock has continued to hit new lows and for the first time since 1997, Pfizer shares fell below $20 intraday. If it closes below $20 today, the stock will have its first close below $20 since September 25, 1997.
For the month to date, PFE is down ~5% and is the second biggest drag on the Dow [.DJIA
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], only behind General Electric [GE
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()
]. In terms of points, Pfizer is the third biggest drag, behind GE and Proctor and Gamble [PG
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()
]. YTD, Pfizer is down over 12%.
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