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Pfizer Stock Slump: Will Starboard's Billion-Dollar Bet Spark Rebound?

Benzinga ·  Oct 7 20:42

Pfizer Inc.(NYSE:PFE) may have been a hero in the COVID-19 vaccine race, but its stock is stuck in the slow lane. Down nearly 14% over the last year, the pharma giant's shares have struggled as demand for its pandemic-related treatments has fizzled out.

But things could get interesting—activist investorStarboard Valuejust acquireda $1 billion stake in the company.

Could this signal a turning point for the pharma giant?

Starboard To The Rescue?

Starboard Value, led byJeff Smith, isn't shy about shaking things up. The fund has taken a front-row seat in Pfizer...

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