On the night of Nov. 8, we saw the futures market gap higher and woke up the next morning to see Dow futures up over 1,000 points with news that Pfizer had a possible vaccine for COVID-19.
CEO Bourla then appeared on every news outlet imaginable, declaring that Pfizer's potential vaccine was one of the biggest medical discoveries of this century…
This quickly caused the company's stock to go on a tear, shooting up about 14%, and had Wall Street booming on the first good news in a long time.
But here's what I find especially interesting. On the same Monday morning that Pfizer unveiled its potential COVID-19 vaccine, Bourla was selling 60% of his stock at this new high.
Seems a little shady, doesn't it? If this vaccine was such a fantastic discovery, why wouldn't the CEO keep his shares? Is he so money hungry that he needed an extra $5.6 million in the bank?
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