Pfizer execs sell millions of dollars worth of shares

Nov. 11, 2020 11:02 AM ETPfizer Inc. (PFE) StockPFEBy: Stephen Alpher, SA News Editor235 Comments
  • Pfizer (NYSE:PFE) CEO Albert Bourla on Monday sold 132.5K shares of company stock for $41.94 each. Executive VP Sally Susman sold 43.66K shares at the same price. Added up, that's nearly $7.5M worth of stock.
  • Both sales were made under 10b5-1 programs, Bourla having adopted his trading plan in August, and Susman one year ago.
  • The sales came a few hours after the company announced positive preliminary results for its Covid-19 vaccine candidate, sending Pfizer shares (and the major averages) sharply higher.
  • Pfizer has been pulling back since that Monday rally, currently changing hands at $37.95.

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