7 Stocks That Moved the Most in November
Market volatility rose in November as earnings season ended and investors struggled with unstable macroeconomic conditions. Some of the biggest stocks in the market experienced huge gains and losses. Here's what caused the biggest changes in market value in the market.
Pfizer (NYSE: PFE) is one of the most valuable pharmaceutical stocks, and its price rose about 24% in November. That's an enormous move for a giant drug company. The stock popped early in the month after it announced positive clinical trial results for its COVID-19 treatment pill. The results claim to reduce the risk of hospitalization by nearly 90%. It's a huge global market, and it seems increasingly likely that COVID-19 won't be going away any time soon.
The stock continued its upward march throughout the month, as COVID-19 returned more ominously to the news. Rising case volumes in Europe triggered increased restrictions, while the emergence of the omicron variant in southern African countries concerned researchers about its transmissibility and resistance to immunity.
Source Fool.com
