It's not surprising that their prices are down. They ramped up production like crazy for the surge in vaccines during the pandemic. Lots of people realized that, so they bought stock. Now they aren't producing as many vaccines, because demand has plummeted. People sold their stock.
Zoom and Peleton did the same. I doubt that any BigPharma companies are going to go out of business, though, just because the surge in demand is over. They had solid financials way before the pandemic.
That can't be said for stocks like Zoom or Peleton.
It's not surprising that their prices are down. They ramped up production like crazy for the surge in vaccines during the pandemic. Lots of people realized that, so they bought stock. Now they aren't producing as many vaccines, because demand has plummeted. People sold their stock.
Zoom and Peleton did the same. I doubt that any BigPharma companies are going to go out of business, though, just because the surge in demand is over. They had solid financials way before the pandemic.
That can't be said for stocks like Zoom or Peleton.