Pfizer Ltd. Stock Sees Decline, But Remains Strong in Pharmaceutical Industry

Pfizer ., a leading pharmaceutical company in the largecap industry, has seen a decline in its stock price on September 20, 2024. The stock has lost -4.77% on this day, underperforming the sector by -5.15%. MarketsMOJO has given a 'Hold' call for the stock.

The stock has been on a downward trend for the past 8 days, with a consecutive fall of -12.39% in this period. On September 20, the stock touched an intraday low of Rs 5402.75, a decrease of -4.85%. However, the stock's moving averages are still higher than the 100 day and 200 day moving averages, but lower than the 5 day, 20 day, and 50 day moving averages.

In comparison to the Sensex performance, Pfizer Ltd. has underperformed with a -4.72% decrease in its stock price, while the Sensex has seen a 1.68% increase. In the past month, Pfizer Ltd. has also seen a decline of -8.61%, while the Sensex has shown a positive growth of 4.68%.

Despite the recent decline in stock price, Pfizer Ltd. remains a strong player in the pharmaceutical industry, with a largecap size. Investors are advised to hold onto their stocks and keep an eye on the company's performance in the coming days.