Pfizer Falls Below $20
By: Robert Hum
The downtrend for Pfizer 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 , only behind General Electric . In terms of points, Pfizer is the third biggest drag, behind GE and Proctor and Gamble . YTD, Pfizer is down over 12%.
Pfizer's slide continues. The stock has now fallen below $20 for the first time since 1997.
