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Stock impact report

Why I'm Buying This Beaten-Down, High-Yield Dividend Stock Hand Over Fist [Yahoo! Finance]

Pfizer, Inc. (PFE) 
Last pfizer, inc. earnings: 4/28 06:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
Seeing Pfizer's share price fall nearly 60% from its peak wasn't so fun. Have I been tempted to sell during this major decline? Nope. Instead, I'm buying this beaten-down, high-yield dividend stock hand over fist. Through the dark clouds It's understandable why Pfizer stock has fallen so much. The drugmaker has faced some big challenges and has more on the way. Pfizer's revenue in 2023 fell 42% from the previous year. Sales for the company's top-selling product, COVID-19 vaccine Comirnaty, sank 70% year over year. Sales for Pfizer's COVID-19 pill Paxlovid plunged 93%. Ouch. Those COVID woes weren't Pfizer's only problem areas. Sales for six of the company's cancer drugs that generate $180 million or more annually fell by double-digit percentages. Revenue for Pfizer's best-selling cancer therapy, Ibrance, dropped 7% year over year in 2023. To make matters worse, the key U.S. patents for seven of Pfizer's products expire by 2027. All were blockbusters last year. So why am Show less Read more
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