Pfizer CEO Sold $5.6M in Stock on Day of Vaccine Announcement

NOT A GOOD LOOK

Tori B. Powell

Cheat Sheet, Breaking News Intern

Published Nov. 10, 2020 10:17PM EST

Win McNamee/Getty Images

Pfizer CEO Albert Bourla sold $5.6 million in stock on the same day he announced that the Pfizer/BioNTech COVID-19 vaccine had shown 90 percent effectiveness in preliminary results, Axios reports. Pfizer’s stocks increased by 8 percent on Monday in the wake of the news of the promising vaccine. A Pfizer spokesperson said in a statement to Axios that the sale was part of a plan drafted back in August.

Read it at Axios

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Pfizer CEO Sold $5.6M in Stock on Day of Vaccine Announcement

Tori B. Powell

Win McNamee/Getty Images