Pfizer Inc (NYSE:PFE), the world’s biggest drug maker, unsuccessful to obstruct class- action status for investors who took legal action against company regarding alleges that it deceived them regarding the prospects of Celebrex and Bextra, chronic pain-relief drugs.
Laura Taylor Swain, a US District Judge in New York, ruled on Friday that the key class of plaintiffs would be those who bought stock during Oct 31, 2000 to Oct 19, 2005.
The investors alleged that the New York-based Pfizer and its top administrators intentionally hid or pretended the results of studies that recommended the medicines may have unfavorable cardiovascular outcomes. [article_latestnews_1]
Other Drug makers GlaxoSmithKline plc (NYSE:GSK) fell -0.11% while Merck & Co, Inc (NYSE:MRK) and Abbott Laboratories (NYSE:ABT) surged 1.03% & 0.51% respectively.
Pfizer Inc. (NYSE:PFE) on March 30, 2012 it increased +1.00% to the closing price of $22.65. The overall volume in the last trading session was 34.00 million shares. Its fifty two week range was $16.63-$22.80. The total market capitalization remained $170.69 billion.
PFE is ahead its 52 week low with +38.93% and lagging behind from its 52 week high price with -0.68%. PFE last month stock price volatility remained 1.24%. In its share capital PFE has 7.54 billion outstanding shares among them 7.53 billion shares have been floated in market exchange. PFE stock institutional ownership remained 72.50% while insider ownership included 0.05%.
The stock price of PFE is moving forward from its 20 days moving average with +3.80% and remote positively from 50 days moving average with +5.40%. PFE current year earnings per share experienced an addition with +9.08% while its current quarter performance remained +5.37%. Company’s beta coefficient included 0.71. Beta factors measures the amount of market risk associated with market trade.
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