Warren Buffett Just Sold His Pfizer Stock. Why?

Buffett-led Berkshire Hathaway opened a position in Pfizer in the third quarter of 2020. In a regulatory filing last week, though, Berkshire revealed that it had dumped all of its shares in the big drugmaker..

Pfizer won emergency use authorization (EUA) for COVID-19 vaccine Comirnaty (BNT162b2) in the U.S. and in Europe. It lined up major supply deals for Comirnaty totaling in the hundreds of millions of doses. The company also reported good news for several of its pipeline programs. All we can do is guess why Berkshire sold all of its Pfizer shares…

READ  Martin Armstrong: What Happened with the GameStop Stock?

www.fool.com/investing/2021/02/21/warren-buffett-just-sold-his-pfizer-stock-should-y/

 

Vaccine partners Pfizer and BioNTech have said they’ve submitted new data to the US health regulator showing their jab can be stored at “refrigerator temperatures” rather than the ultra-cold levels currently mandated.

READ  Stock Market Most Overvalued EVER

In a statement on Friday, the pair claim that their jointly developed Covid-19 vaccine can actually be stored safely between -25ºC and -15ºC – a substantial change from the -80ºC and -60ºC temperatures previously thought necessary.

www.rt.com/news/516069-pfizer-covid19-vaccine-refrigerator-cold/amp/?__twitter_impression=true

 

 

Tess

4,470 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.