Pfizer Inc. PFE shares are trading higher by $1.09 at $32.45 in Wednesday's session. It has added nearly $2 since its deal with Allergan plc Ordinary Shares AGN was put into jeopardy.
Its rally off today's open found resistance in the area of where six highs were made back in late December (between $32.62 and $32.91), with the rally ending at $32.79.
After its $40+ drubbing on Tuesday ($277.56 to $236.55), investors did not let the issue go much below the close, as it bottomed at $236 off the open and began to move higher.
The ensuing rally has found resistance well ahead of the lower-end of Monday's range ($268.50), so far only reaching $247.23 and has backed off that level.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
