CEO Pfizer sold $ 5.6 million worth of shares

News

CEO Pfizer sold $ 5.6 million worth of shares

13.11.2020 News

On Monday, November 9, Pfizer CEO Albert Burla sold 62% of his shares in the pharmaceutical company. This was reported by Markers Insider, citing documents from the US Securities and Exchange Commission (SEC). On the same day, Pfizer and BioNTech announced that their experimental COVID-19 vaccine had been successfully tested.

Albert Burla sold 132,508 shares of Pfizer at an average price of $ 41.94 per share. This price is close to the maximum for the year – for the last 52 weeks the shares were not worth more than $ 41.99. As a result, the CEO earned $ 5.6 million.

According to the documents provided to the SEC, the deal was scheduled for August 19 in accordance with US laws on insider trading. Burla now owns 81,812 shares of Pfizer.

On November 9, Pfizer shares currently grew by more than 15% to $ 41.99. At the close of trading on November 10, the shares were worth $ 38.68. The news that the vaccine from Pfizer and BioNTech has more than 90% efficiency, caused a strong rally in the US market. Businesses related to tourism, real estate and transportation grew mainly.

Other articles

  • Shares of Moderna rose by almost 20% after news of the vaccine
    News

    Shares of Moderna rose by almost 20% after news of the vaccine

    The vaccine, developed by biotechnology company Moderna, is effective in 94.5% of cases. This result was shown by the intermediate results of the third phase of clinical trials, the company said. On this news, Moderna shares went up. In the pre-market, the company’s quoting rose by more than 18%, rising above $ 105 per share. […]

  • Citigroup predicted the dollar to fall by 20% next year
    News

    Citigroup predicted the dollar to fall by 20% next year

    If coronavirus vaccines become widely available and help restore international trade and economic growth, the dollar is likely to fall by 20% in 2021. Bloomberg reports that this forecast was made by Citigroup Bank. If the forecast comes true, it will be a record drop since 1985, when the DXY index fell by 18.5% over […]

  • The Moderna vaccine has been tested. It can be approved at an accelerated rate
    News

    The Moderna vaccine has been tested. It can be approved at an accelerated rate

    Reuters reported, In Switzerland, the procedure of accelerated testing of Moderna vaccine has started. This will allow to approve the drug if it passes all clinical trials. “Swissmedic can get an initial idea of the benefits and risks of vaccine candidates before the study is completed. This speeds up the review process and at the […]

  • Lyft announces a resumption of travel and expects profits by the end of 2021
    News

    Lyft announces a resumption of travel and expects profits by the end of 2021

    Shares of Lyft, which fell 16.2% since the beginning of the year but jumped 37.4% over the past week, rose 5.8% amid investor reaction to the company’s quarterly report. Lyft reported a loss for the third quarter (ended September 30) at $ 1.46, which is worse than analysts’ forecasts at – $ 0.91 loss per […]

  • Shares of Zoom and other IT companies crashed on news of successful testing of the vaccine from COVID-19
    News

    Shares of Zoom and other IT companies crashed on news of successful testing of the vaccine from COVID-19

    Shares of Zoom and other companies, which rose amid the pandemic and lockdown, fell in trading on Monday. The reason was the announcement of two biotechnology companies about the successful testing of a promising vaccine, writes CNBC. Shares of the Zoom video conferencing service fell 17.4% by the end of the trading day. Amazon and […]

  • The price of oil exceeded $ 44 on news from the United States
    News

    The price of oil exceeded $ 44 on news from the United States

    World oil prices of reference brands continue to rise on the news of the victory of the Democratic candidate Joe Biden in the US presidential election and information on the success of tests of the vaccine from COVID-19 of the American company Pfizer Inc. and German BioNTech. This is evidenced by trading data on Wednesday, […]

  • BioNTech and Pfizer report successful third phase of coronavirus vaccine clinical trials
    News

    BioNTech and Pfizer report successful third phase of coronavirus vaccine clinical trials

    BioNTech from Mainz and US pharmaceutical giant Pfizer have announced the successful third phase of clinical trials of the vaccine from COVID. The company said in a statement that registration is expected in November. According to the release, the third phase of clinical trials of BNT162b2 showed its effectiveness by more than 90% among trial […]

Read also

CEO Pfizer sold $ 5.6 million worth of shares
News

The film of a beginner director charmed social networks – more than 1 million views in two days!

French actress and director Maylis de Poncins, author of the sensual short film “Je suis dons tu es” (“I am, therefore you are”), became one of the favorites in the qualifying round of the Only 140 seconds and a lot of meanings – the film won’t leave you indifferent! Maylis de Poncins is a young actress who has proven […]

Next
CEO Pfizer sold $ 5.6 million worth of shares
News

Vinnytsia network of pharmacies reacquires 18 million of shares

The supervisory board of Vinnitsafarmation in the press release reported:” Vinnitsafarmation which owns ‘Bazhayemo zdorovya’ network of pharmacies , intends to reacquire 18 million of common shares PJSC ‘Vinnitsafarmatsyia’ intends to redeem 18 million of common nominal shares”. PJSC ‘Vinnitsafarmatsyi’a plans to make the relevant decision at extraordinary general shareholder meeting which will take place […]

Next
CEO Pfizer sold $ 5.6 million worth of shares
News

Shares of Volkswagen get down on 40%

Nordea, the €190bn (£135.6bn) Scandinavian fund manager, has become the first major investor to signal it is preparing to sue Volkswagen over the carmaker’s manipulation of emissions tests. Nordea Asset Management told reporters over the weekend that it planned to join “several different class actions” against Volkswagen. The emissions fixing scandal has left investors with billions of […]

Next
CEO Pfizer sold $ 5.6 million worth of shares
News

Nissan and Renault are planning a global merger

The alliance between the two companies has been  existing for 15 years, but for now the direction of companies   expect for closer cooperation. It is supposed to create a single platform, which will produce 70% of Nissan and Renault cars (now there are 10% of manufactured machines), in fact, both brands are planning to release […]

Next
CEO Pfizer sold $ 5.6 million worth of shares
News

CISOLAR 2019 submit new opportunities for developing solar energy in Central and Eastern Europe

On April, 16-18 in Kyiv will be held the main business event of region in solar energy field devoted to latest technology, trends and investments opportunities – CISOLAR 2019, 8th International Solar Energy Conference and Trade Show of Central and Eastern Europe. Today solar energy development is one of priority areas for investors in the […]

Next
CEO Pfizer sold $ 5.6 million worth of shares
News

“Epicenter” is accused of unfair competition and pressure on suppliers

The owner of the largest online store Rozetka.ua,  Vladislav Chechetkin accused the retailer “Epicenter” which is developing a network of building supermarkets, in the non-competitive behavior and pressure on suppliers. “Epicenter” for a long time, probably two years, requires the suppliers not to sell the goods in Rozetka.ua. This solicitation sounds like: if your product […]

Next
CEO Pfizer sold $ 5.6 million worth of shares
News

Amazon New Smart Dash Carts Let You Shop Without a Cashier

Amazon continues to change our shopping habits at grocery stores. Following the already well-known Amazon Go stores, the company focused on providing technological solutions for larger supermarkets with a wide range. In February, Amazon launched its first full-size Amazon Go supermarket in Seattle and announced selling the technology to other companies. Amazon is now announcing […]

Next
CEO Pfizer sold $ 5.6 million worth of shares
News

Prada restructures business because of low sales

The famous Italian fashion house Prada has decided to make adjustments  of the management of its business  because of the fact that the company’s sales began to fall. General Director of Prada Patrizio Bertelli  is going to re-equip production and hold a business restructuring. At the end of 2013 the company’s revenues declined, while management […]

Next
CEO Pfizer sold $ 5.6 million worth of shares
News

The Austrian company buys more than 50% of Investbank

The Antimonopoly Committee has granted permission to the company EDAL Holding und Finanzierungsberatung GmbH (Austria) for the acquisition of a 50% stake in Investbank. This is stated in the committee report. “Granted the permission to the EDAL Holding und Finanzierungsberatung GmbH (Vienna, Austria) for the purchase of shares of Investbank (Odessa), which provides excess of […]

Next
CEO Pfizer sold $ 5.6 million worth of shares
Analytics

Politics and taxes: how Trump’s win to change USA tax system

The world has heard  enough discussions which concern the resonance Donald Trump’s win in the USA elections.  Everyone has the right to express their position. America  has done their choice. Now, when the post-electorial   ethereal has gone, it is the high time to speak constructively. Benjamin Franklin, one of the founders of American Constitution,   declared: […]

Next
CEO Pfizer sold $ 5.6 million worth of shares
News

Important events in the business world for a week

LDaily prepared  the short overview of latest news in the sphere of business and finance for last week for the readers. If you missed something, it would  a good opportunity  to correct it. 1. Epic with e-declarations  came to an end, but not for all On October 30, 2016, at 24:00 the stage of  the Ukrainian […]

Next
CEO Pfizer sold $ 5.6 million worth of shares
Analytics News

Top 5 of the best business schools

A Business, as well as any other sphere of professional activity, demands from the person a certain complex of knowledge, abilities and tendencies. In any case, if you actually plan to achieve stable success as the entrepreneur, the corresponding education will become some kind of catalyst in the course of achievement of this purpose. The  […]

Next
CEO Pfizer sold $ 5.6 million worth of shares
News

Ericsson and Apple decided a patent dispute out of court

Last winter two well-known manufacturers of technique went to court with counter-accusations of patent infringement. Apple representatives accused their Swedish competitors in the application of technologies in the transmission network, the Swedes responded by suing a counter statement in which it accused Apple of using of their cellular technologies in the production of its equipment. […]

Next
CEO Pfizer sold $ 5.6 million worth of shares
Analytics News

Results of 2016: Annual Business Achivements

The outgoing   2016 was  hard, and not only for business but also for the country in general. It was really difficult but not  fatal: a new tax policy, the integration into the European market, difficulties of investment and many other things. There are  key factors which have affected the development of a business industry much […]

Next
CEO Pfizer sold $ 5.6 million worth of shares
News

Volvo was dropped from a height of 30 meters

Volvo dropped several cars from a height of 30 meters for crash tests. According to the automaker, such tests are very important for training rescue services. Volvo lifted the cars to a height of 30 meters with a crane, and then smashed them several times. Such a test allowed to simulate damage to cars at […]

Next
CEO Pfizer sold $ 5.6 million worth of shares
News

Alibaba will acquire part of the shares during the IPO of the Ant Group

Chinese Internet company Alibaba will buy more than a fifth of the shares of its division, specifically of a fin-tech company Ant Group, as part of its future IPO on the stock exchanges of Hong Kong and Shanghai, Alibaba said in a release. “Alibaba has agreed to subscribe for 730 million shares of the initial […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com