CEO OF PFIZER SELLS 62% OF HIS STOCKS. That’s why I’m announcing the vaccine

11 November 20204 years ago babelfish

On Monday, Pfizer shares were up 16% following a bullish statement about the company's experimental COVID-19 vaccine was shown to be 90% effective in preliminary results.

So on Tuesday, Pfizer CEO Albert Bourla sold 62% of his shares in the company, immediately capitalizing on the increase in value, according to a filing from the Securities and Exchange Commission.

An almost perfect timing to maximize the value of the investment in your company.

The SEC Form 4 filing shows Bourla sold 132,508 shares at an average price of $ 41.94 per share, equivalent to $ 5.6 million – near the high of the 52-week high. An incredible stroke of luck.

The sale of Bourla was conducted under rule 10b5-1, established by the SEC, which allows the corporate insider (i.e., those who know confidential news) to sell a predetermined number of shares at a pre-defined time. A Pfizer spokesperson told Axios that the CEO's predetermined business plan was formed in August.

Although the sale is perfectly legal under rule 10b5-1 and avoids accusations of insider trading, Bourla's image is marked, because he still managed to tick the maximum of 52 weeks with the news on a specific day. It can be argued that he could not have known the results of the vaccine trial months in advance, although Pfizer's trials may not have already given positive signals since August. The elections may also have been a decisive factor in the decision to sell, which would be even more suspicious: Did PFIZER know the results of the tests in August and delayed them to influence the elections?

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PFIZER'S CEO Article SELLS 62% OF HIS STOCKS. That's why I announce the vaccine comes from ScenariEconomici.it .

This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/ceo-di-pfizer-vende-il-62-delle-sue-azioni-ecco-perche-ti-annuncio-il-vaccino/ on Wed, 11 Nov 2020 19:05:28 +0000.