Why Pfizer Stock Is Tumbling Today
Pharmaceutical behemoth Pfizer (NYSE: PFE) is having another bad day today. The drugmaker's shares plunged by a jaw-dropping 9.5% right out of the gate Monday morning. While Pfizer's stock has regained some of this lost ground as today's trading session has unfolded, its shares are still down by 4.4% as of 1:11 p.m EDT Monday afternoon.
The pharma titan's stock has now lost almost 20% of its value since the start of 2020. On the bright side, Pfizer's shares have outperformed the Dow Jones Industrial Average so far this year.
Image source: Getty Images.
Source Fool.com