PFEr Alert: 7/23/98
-Tough day all round Big Pharma with the exception of AMGN....
-Note the relatively PFE low volume and a miss from the Peabody Valley strike price of 110.92 by only .08.
PFE - PFIZER INC
Last Price: 111 7/16 at 16:27
Change: Down 4 15/16 (-4.24%)
High: 115 1/2
Low: 111 at 13:14
Open: 115 1/4
Previous Close: 116 3/8 on 7/22
Volume: 4,137,000
30-Day Avg. Volume: 4,059,000
Shares Outstanding: 1,305,631,000
52-Week High: 121 3/4
52-Week Low: 51.06
Beta: 1.06
Yield: 0.60%
P/E Ratio: 59.0
EPS: 1.89
-No news from the PFE Board tonight
-Expect major news coming from tomorrow's analysts' meeting to be held at 9:00am including any Board news...However, be aware that's last year's meeting had a short-term negative effect on the stock.
-Here's a special Big Pharma Scoreboard as of tonight. Highlights are as follows:
-Big Pharma's weekly decline of 4.8% is totally in-line with declines for the Dow (-4.3%), S&P (-4.0%) and the Nastie (-3.7%)
- PFE's weekly decline of 3.7% is ranked 7th in Big Pharma growth this week. For the month, PFE is still up 2.5%...ranking 5th in Big Pharma.
-SBH (-13.4%), MRK (-10.6%), SGP (-6.0%) and GLX (-5.9%) have shown the largest corrections.
Bottom line: Expect a very wild day tomorrow with downs, ups, downs, and ...hopefully ups.
Like today, Big Pharma will be driven by the general market.
The price of PFE will be accelerated by news coming from the analysts' meeting.
The Peabody Portfolio is hoping to make a purchase if PFE strikes below 111.
Have PFun!
BigKNY3 |
