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Pfizer's Trading Volume Drops 28 Percent to $966 Million, Ranks 67th in Daily Volume
Generated by AI AgentAinvest Market Brief
Wednesday, Apr 2, 2025 7:34 pm ET1min read
On April 2, 2025, Pfizer's trading volume reached $966 million, marking a 28.24% decrease from the previous day. The stock closed with a 0.65% increase, placing it at the 67th position in terms of trading volume for the day.
Pfizer's stock experienced a decline due to the uncertainty surrounding President Trump's proposed tariffs on pharmaceutical imports. The announcement led to a drop in after-hours trading, with Pfizer's stock falling slightly.
Pfizer's revenue from its COVID-19 medicine Paxlovid saw a significant increase, generating $5.7 billion in sales in 2024 compared to $1.2 billion in 2023. This substantial growth highlights the company's strong performance in the pharmaceutical sector.
In response to the proposed tariffs,
, along with other pharmaceutical companies, is taking measures to secure supply lines and fast-track shipments. This proactive approach aims to mitigate the potential impact of the tariffs on the global drug supply chain.
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