Warren Buffett Just Sold His Pfizer Stock. Why?

Source: https://www.investmentwatchblog.com/warren-buffett-just-sold-his-pfizer-stock-why/
Published: Feb 22, 2021
Author: staff
Post Date: 2021-02-22 19:07:13 by Horse
Views: 182

Buffett-led Berkshire Hathaway opened a position in Pfizer in the third quarter of 2020. In a regulatory filing last week, though, Berkshire revealed that it had dumped all of its shares in the big drugmaker..

Pfizer won emergency use authorization (EUA) for COVID-19 vaccine Comirnaty (BNT162b2) in the U.S. and in Europe. It lined up major supply deals for Comirnaty totaling in the hundreds of millions of doses. The company also reported good news for several of its pipeline programs. All we can do is guess why Berkshire sold all of its Pfizer shares…

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#1: Lod    To: Horse (#0)

Time to take a fat profit before the shit-storm hits.

Lod posted on 2021-02-22 21:10:14   Reply   Private Reply

#2: NeoconsNailed    To: Horse (#0)

Spotting the headline in the list I hoped this was because of all the bad publicity about ppl dying from Pfizer's jabs. Any chance it is? I see the rational given, which sounds nice and weak (Comirnaty's potions can be stored at less Neptunian temps).

NeoconsNailed posted on 2021-02-23 00:31:02   Reply   Private Reply

#3: Horse    To: NeoconsNailed, Lod, Ada (#2)

He might have sold his Pfizer stock because too many people were getting complications from their vaccinations. No more sales. No responsibility for the damage to patients.

Horse posted on 2021-02-23 03:44:24   Reply   Private Reply

#4: NeoconsNailed    To: Horse (#3)

If those things matter to the big shots, ossome.

NeoconsNailed posted on 2021-02-23 10:38:25   Reply   Private Reply