Pfizer Lower After Mixed Q1 Report

Pfizer Inc. PFE shares are trading lower by $0.52 (1.4 percent) at $33.26 in Tuesday's session.

Before the open, the company reported a mixed Q1 report with an EPS beat of $0.02 and a sales miss of $390 million. At this time, the Street seems to be putting more emphasis on the sales miss.

After a lower open, Pfizer's stock managed only a $0.04 pop to $33.62 before continuing its move lower. The ensuing decline took the issue all way to $32.88. That marks the first time it has been under $33.00 since February 15, when it bottomed at $32.69.

Since reaching that depressed level, it has rebounded back into the $33.00 handle as $33.38 represents its highest level since making its intraday low.