Pfizer CEO Sells Shares After Vaccine Announcement - What Does It Mean?

The big financial news story right now, is the Pfizer coronavirus vaccine. No sooner did the news break that Pfizer's vaccine was found to be more than 90% effective, than we heard that the chairman and CEO of Pfizer, sold 60% of his stock position in Pfizer, totaling $5.6 million worth of stock into the huge rally that the announcement caused. What can we make of this news? Is this possibly an example of illegal insider trading, and is it worthwhile for investors to monitor the trades done by corporate insiders?

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Short Selling – How does it work https://youtu.be/BUxYsj99RiA

Owen Jones in The Guardian https://www.theguardian.com/commentisfree/2020/nov/12/covid-vaccine-patent-pharmaceutical-industry-profits-public-sector


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