What You Can Learn From Pfizer’s CEO Selling Off Shares

Last week, Pfizer Inc. delivered good news. The company is working with partner BioNTech SE on a coronavirus vaccine.

The two companies announced that their vaccine was more than 90% effective in phase 3 trials.

The stock market rallied on the news. Shares of Pfizer Inc. (NYSE: PFE) jumped more than 15% at the open that day.

The next day, the company made a filing with the Securities and Exchange Commission (SEC).

The filing reported that CEO Albert Bourla sold 132,508 shares of Pfizer stock at $41.94. The high that day was $41.99.

Pfizer’s CEO Sells Shares at the Stock’s High

(Source: Trade Navigator.)

Predictably, a watchdog group called for the SEC to investigate the sale.

However, there was nothing wrong with the sale. Although it attracted headlines as possible insider trading, it was simply the result of sound financial planning.

As individual investors, we can learn from this timely sale.

CEOs Face Risks

As CEO, Bourla was awarded shares in the company as part of his compensation. Owning shares in a company you work for, whether you’re the CEO or a low-level employee, carries unique risks.

If the company performs poorly, there could be layoffs or salary cuts for senior employees. This is a risk of employment.

At the same time, the stock could decline. This is a risk shareholders face in any company.

When you own shares in the company you work for, the risks are that you could face financial ruin if you lose your job as the stock declines.

Understanding this, Pfizer’s CEO developed a plan to take profits on the stock if it rallied. Under SEC rule 10b5-1, Bourla filed a plan to sell shares if the stock reached a certain price.

It seems likely that he ordered his broker to sell if Pfizer traded above $40.

When the stock opened at $41.86 that morning, the order was triggered. The sale was then executed in the next few moments.

Plan Ahead to Take Profits

The CEO knew when he wanted to take profits to diversify his portfolio. He followed all SEC rules and filed his plan in advance.

Selling was then out of his hands. This prevented him from getting caught up in the emotion of the vaccine announcement.

And Bourla wasn’t the only Pfizer executive to take profits that day.

Sally Susman, an executive vice president, sold over $1.3 million worth of stock that morning, also at $41.94. Pfizer stock later dropped more than 10% from that peak.

Establishing profit-taking targets as part of a trading strategy helps to manage risk and reduce the mistakes made due to emotional selling.

Company CEOs and officers often know exactly when they will sell shares — and we should too.

Regards,

Michael Carr, CMT, CFTe

Editor, One Trade

Previous Post
Next Post

Comments

t.co

My spouse and I stumbled over here coming from a different
page and thought I should check things out. I like what I see so
i am just following you. Look forward to
looking at your web page for a second time.

http://t.co/

Hello! I simply wish to give you a huge thumbs up for the great information you’ve got here on this post.
I will be coming back to your blog for more soon.

this asmr

I truly love your blog.. Pleasant colors & theme. Did you build this amazing site
yourself? Please reply back as I’m attempting to create my very own site and
would love to know where you got this from or what the theme is named.
Kudos!

an scoliosis surgery

Great site. Lots of useful information here.

I’m sending it to some buddies ans also sharing
in delicious. And of course, thanks in your sweat!

asmr was

Thanks for finally writing about > What You Can Learn From Pfizer’s
CEO Selling Off Shares – Investing Subject < Liked it!

but asmr

I absolutely love your site.. Pleasant colors & theme.
Did you develop this site yourself? Please reply back as I’m attempting to create
my own personal site and would like to know where you got this from or what
the theme is named. Cheers!

our asmr

Does your website have a contact page? I’m
having trouble locating it but, I’d like to send you an email.

I’ve got some recommendations for your blog you might be interested in hearing.
Either way, great website and I look forward to seeing it expand over time.

scoliosis surgery why

I do not know whether it’s just me or if everybody else experiencing problems with your website.

It seems like some of the written text within your content are running
off the screen. Can someone else please provide feedback and let me know if this is happening to them as
well? This might be a problem with my browser because I’ve had
this happen previously. Many thanks

tinyurl.com

Oh my goodness! Incredible article dude! Thank you so much, However I am
experiencing issues with your RSS. I don’t know why I can’t join it.
Is there anybody having identical RSS issues? Anyone that knows the solution can you kindly respond?

Thanks!! cheap flights http://1704milesapart.tumblr.com/ cheap flights

quest bars why

I’m extremely impressed with your writing skills and also with the layout on your blog.
Is this a paid theme or did you customize it yourself? Either way keep up
the excellent quality writing, it is rare to see a great blog like this one these days.
quest bars http://bitly.com/3C2tkMR quest bars

app.gumroad.com

I’m extremely pleased to discover this page. I need to to thank you for ones time just
for this fantastic read!! I definitely loved every bit of it and
I have you book-marked to check out new information in your web site.
asmr https://app.gumroad.com/asmr2021/p/best-asmr-online asmr

http://coub.com/stories/962966-scoliosis-surgery

Good post but I was wanting to know if you could write a litte more
on this topic? I’d be very grateful if you could elaborate a little bit further.

Many thanks! scoliosis surgery https://coub.com/stories/962966-scoliosis-surgery scoliosis surgery

bitly.com

I loved as much as you will receive carried out right here.
The sketch is tasteful, your authored subject matter stylish.

nonetheless, you command get got an edginess over that you
wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly
a lot often inside case you shield this hike. scoliosis surgery
https://0401mm.tumblr.com/ scoliosis surgery

www.iherb.com

If some one wants expert view regarding running a blog afterward i recommend him/her to go
to see this website, Keep up the fastidious job.
quest bars https://www.iherb.com/search?kw=quest%20bars quest bars

Joeson

[url=https://tadalafilfpills.com/]cialis tablet online india[/url]

are ps4 games

Nice post. I was checking continuously this blog and I’m impressed!

Very useful info specifically the last part :
) I handle such info a lot. I was seeking this particular information for a long time.
Thank you and best of luck.

when ps4 games

Right away I am going to do my breakfast, after having my breakfast coming yet again to read more news.

Nickson

[url=http://viagrabluetabs.com/]cheap viagra tablet[/url]

Janeson

[url=https://ivermectin.construction/]stromectol for humans[/url]

Samson

[url=http://onlinedrugstore.quest/]legitimate canadian online pharmacies[/url]

Joeson

[url=https://malegra.online/]malegra fxt uk[/url]

Nickson

[url=http://benicar.monster/]buy benicar online[/url]

Ivyson

[url=https://ivermectin.network/]stromectol price in india[/url]

Evason

[url=http://buyaccutane.online/]how much is accutane in canada[/url]

Nickson

[url=http://sildenafilorem.com/]sildenafil rx drugstore online[/url]

Evason

[url=http://bactrimbuy.online/]septra online[/url]

Jackson

[url=https://sildalis.online/]sildalis 120[/url]

Jackson

[url=https://levofloxacin.quest/]buy levaquin[/url]

Janeson

[url=https://ivermectin.media/]ivermectin covid[/url]

Kimson

[url=https://canadianpharmacycialis.quest/]cialis 20mg coupon[/url]

Evason

[url=http://orderviagraonline.quest/]buy viagra online prices[/url]

Sueson

[url=https://ivermedication.online/]ivermectin 90 mg[/url]

Sueson

[url=https://cialistablets.online/]order cialis online[/url]

Evason

[url=http://orderviagraonline.quest/]where to order viagra online[/url]

Evason

[url=http://kamagra.quest/]order kamagra online uk[/url]

Evason

[url=http://sildenafilytab.online/]sildenafil 100mg price comparison[/url]

Annason

[url=http://strattera.monster/]generic for strattera[/url]

kardinal stick

328926 560843It can be tough to write about this topic. I believe you did an excellent job though! Thanks for this! 771504

Janeson

[url=https://ivermectinytabs.com/]stromectol 6 mg dosage[/url]

Idnpoker

It’s actually a nice and useful piece of info. I’m glad that you simply shared
this useful info with us. Please stay us up to date like this.
Thank you for sharing.

Uwaga na Gajmar z Jozefowa

I am curious to find out what blog system you have been using?
I’m experiencing some minor security problems
with my latest site and I would like to find something more risk-free.
Do you have any suggestions? UWAGA NA GAJMAR Z JOZEFOWA

Ivyson

[url=https://tadalafilgenericonline.com/]rx tadalafil tablets 10 mg[/url]

Miason

[url=https://cialisshop.online/]cialis daily online[/url]

Ivyson

[url=https://prozacfluoxetine.com/]fluoxetine 10mg capsules uk[/url]

Annason

[url=http://sildenafilutabs.online/]buy sildenafil tablets 100mg[/url]

Annason

[url=http://iverpill.online/]stromectol coronavirus[/url]

Evason

[url=http://furosemidelasix.online/]furosemide 20 mg tablets[/url]

Nickson

[url=http://sildenafilcitratetablets.online/]cheap sildenafil 20 mg[/url]

Janeson

[url=https://budesonide.online/]canadian pharmacy budesonide[/url]

Sueson

[url=https://ivermectinqtab.online/]ivermectin usa price[/url]

Ivyson

[url=https://amitriptyline.online/]elavil for depression[/url]

Evason

[url=http://cialiscanadianpharmacy.online/]discount cialis[/url]

Janeson

[url=https://celexa.quest/]celexa 10 mg cost[/url]

Sueson

[url=https://cialis20.quest/]where to buy cialis without prescription[/url]

Evason

[url=http://genericsildenafilpills.com/]sildenafil 10 mg india[/url]

Annason

[url=http://buycitratesildenafil.com/]buy sildenafil tablets 100mg[/url]

Ivyson

[url=https://zovirax.today/]buy zovirax without prescription[/url]

Janeson

[url=https://buyivermectinpills.quest/]ivermectin 6[/url]

Evason

[url=http://sildenafilcitrategn.com/]sildenafil sale uk[/url]

Evason

[url=http://paxil.monster/]paxil brain zaps[/url]

Janeson

[url=https://tadalafilfdb.com/]tadalafil 10mg online india[/url]

Sueson

[url=https://xsildenafilpills.com/]sildenafil 50 mg price in india[/url]

Ivyson

[url=https://cialisgm.com/]cheap generic cialis 20mg[/url]

https://gunsvalley.com/product/7-62x39mm-ammo/

Somebody essentially help to make severely posts I might state.
That is the first time I frequented your web page and up to now?
I surprised with the research you made to create this particular post
amazing. Wonderful activity!

Evason

[url=http://buyivermectinpills.quest/]ivermectin price usa[/url]

Annason

[url=http://bupropion.monster/]where to buy bupropion[/url]

Samson

[url=http://viagraefi.com/]purchase viagra canadian pharmacy[/url]

Miason

[url=https://aurogra.online/]aurogra 100 online[/url]

harrington online casino

online casino nevada https://casinoonlinek.com/

most legit online casino

best michigan online casino https://onlinecasinoad.com/

Annason

[url=http://xsildenafilpills.com/]sildenafil tablets 100mg cost[/url]

Ivyson

[url=https://viagraefi.com/]cheap viagra for women[/url]

Samson

[url=http://ivermectinpill.quest/]price of ivermectin[/url]

ให้เช่าหูฟังแปลภาษา เช่าหูฟังแปลภาษา เช่าหูฟังล่าม ให้บริการหูฟังแปลภาษา

286059 304893Depending on yourself to make the decisions can truly be upsetting and frustrating. It takes years to build confidence. Frankly it takes a lot more than just happening to happen. 831118

online casino indiana

nj online casino promo code https://casinogamesmachines.com/

san manuel online casino

vegas casino online $100 no deposit bonus codes 2021 https://conline-casinos-hub.com/

Miason

[url=https://ivermectintablets.monster/]generic stromectol[/url]

online casino in usa

casino mate online casino https://online2casino.com/

Evason

[url=http://ataraxpills.monster/]atarax otc usa[/url]

online free casino games

lucky7 online casino https://casinoonlinet.com/

keto dessert recipe

keto flatbread https://ketogendiet.net/

Samson

[url=http://cymbalta.quest/]30 mg cymbalta coupon[/url]

Ivyson

[url=https://cialismtablets.com/]cialis brand 10mg[/url]

best keto recipes

keto snack ideas https://ketogendiets.com/

Annason

[url=http://ivermectintablets.monster/]ivermectin cost[/url]

what to write an argumentative essay on

writing an analysis essay https://topessayswriter.com/

write a comparison essay

writing college admission essays https://yoursuperessay.com/

asmr why

What’s up, I check your new stuff on a regular basis.

Your humoristic style is awesome, keep it up!

Janeson

[url=https://cialiscanadian.quest/]cialis for daily use cost[/url]

writing college essay

write essay for you https://checkyouressay.com/

Evason

[url=http://buyviagraonline.quest/]where can you buy viagra for women[/url]

gay teen dating forum bdsm

the best gay dating websites https://gayfade.com/

dating sites gay women

gay old bears dating young https://gaysugardaddydatingsites.com/

Sueson

[url=https://tadalafiltablet.online/]best tadalafil tablets[/url]

IPTV

When someone writes an post he/she keeps the plan of a user in his/her brain that how a user can understand it.
Therefore that’s why this piece of writing is great.

Thanks!

the polar bear critical thinking inquiry

learning critical thinking skills https://criticalthinkingbasics.com/

Annason

[url=http://viagraebuy.online/]where can i buy viagra without a prescription[/url]

critical thinking in business

how to learn critical thinking https://criticalthinking2020.net/

write an argumentative essay

identity essay https://choosevpn.net/

how to cite sources in an essay

rewrite my essay https://topvpndeals.net/

argument essay

national junior honor society essay https://tjvpn.net/

how to end a college essay

how to write a descriptive essay https://thebestvpnpro.com/

takipçi satın al

I must thank you for the efforts you’ve put in penning this site.
I really hope to view the same high-grade content from you
later on as well. In fact, your creative writing abilities has motivated me to get my own blog
now 😉

Sueson

[url=http://buyinggenericviagraonline.quest/]viagra pricing[/url]

Miason

[url=http://orderbestviagrapill.monster/]cheap generic viagra 100mg canada[/url]

Janeson

[url=http://viagratabsonlinedrugstore.monster/]viagra 100 mg canada[/url]

Samson

[url=http://genericcialistabletforsaleonline.monster/]canada rx cialis[/url]

Evason

[url=http://cialis2021.quest/]cialis pill cost[/url]

Miason

[url=https://lasix.today/]lasix price india[/url]

Evason

[url=https://bestsildenafilforsale.com/]sildenafil 20mg brand name[/url]

Annason

[url=https://sildenafiledrem.com/]sildenafil 100 canadian pharmacy[/url]

Sueson

[url=https://nolvadex.quest/]nolvadex-d[/url]

Sueson

[url=https://nexium.monster/]nexium prices usa[/url]

Ivyson

[url=https://buydisulfiram.com/]antabuse pills online[/url]

Samson

[url=http://buycilisonline.quest/]average cost cialis daily use[/url]

Sueson

[url=https://ciali5mg.quest/]cialis 20 mg price in usa[/url]

Janeson

[url=https://sildenaficitrate.quest/]sildenafil over the counter australia[/url]

Miason

[url=http://estrace.today/]estrace discount[/url]

Miason

[url=http://amoxil.today/]amoxil 500 tablets[/url]

Nickson

[url=https://albendazole.today/]buy albendazole over the counter[/url]

http://bitly.com/

This is my first time go to see at here and i am truly happy to read everthing at single place.

Samson

[url=https://avodart.live/]avodart price comparison[/url]

Evason

[url=https://viagrawf.com/]viagra 50mg online[/url]

Miason

[url=http://cialisag.com/]cialis daily use cost[/url]

Miason

[url=http://hydroxychloroquine.online/]plaquenil 400 mg daily[/url]

Jimson

[url=http://trazodonepills.online/]trazodone 100 mg tab[/url]