Pfizer’s CEO Dumps 62% Of His Stock On COVID Vaccine Announcement

By Tyler Durden – Zero Hedge – 11/11/2020

On Monday, Pfizer shares soared 16% following a bullish statement on the company’s experimental COVID-19 vaccine showed 90% effectiveness in preliminary results. Then on Tuesday, according to a Securities and Exchange Commission filing, Pfizer CEO Albert Bourla sold 62% of his stock.

Pfizer’s CEO Dumps 62% Of His Stock On COVID Vaccine Announcement

Ailments in Covid-19 Trials Raise Questions About Vaccine Method

Ailments in Covid-19 Trials Raise Questions About Vaccine Method

“While it could be a coincidence,” said Sam Fazeli, a Bloomberg Intelligence analyst, in a research note, “there’s still the possibility that adenoviral vector vaccines run a higher risk of rare side effects — such as autoimmune attacks like transverse myelitis — than those of Pfizer-BioNTech, Moderna or Novavax.”