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Aviation And Travel Stocks Surge After Preliminary Results Show Pfizer Covid-19 Vaccine 90% Effective
Pfizer announces that preliminary data shows their Covid-19 vaccine to be 90% effective. Airline and aerospace stocks prices increased by at least 10% in response to the announcement. (www.gatechecked.com) المزيد...Sort type: [Top] [Newest]
Great News... This is what we needed.
Good news....but equity markets tend to over-react to sudden news, good or bad. Watch what happens to these stock prices over the next few few weeks.
Yes they did! Shares went up by 20% give or take. However in the following two days they have dropped by over half of what they gained. Let's see if they level off or continue their downward slide to pre Phizer announcement values.
Pfizer
Clearly this is better-than-expected good news (medium term) for the aviation industry. Unforch, the near term Covid spread in N. America and Europe, is accelerating, and will continue to cause much health suffering.
Well, its not 'Pfizer's vaccine' but rather BionTech's. Pfizer just did part of the funding and has the right to produce the vaccine in its facilities.