Why Pfizer Stock Jumped While the Market Stumbled Today

Hardly for the first time in the recent past, on Friday Pfizer (NYSE: PFE) stock landed in positive territory while the S&P 500 index sagged. The high-profile pharmaceutical company's shares recorded a more-than 2% gain on the day thanks to some good company news in the mergers and acquisition sphere.https://finance.yahoo.com/quote/PFE?p=PFE&.tsrc=fin-srch

On Friday, Pfizer officially became the proud new owner of Arena Pharmaceuticals as its $6.7 billion deal for the healthcare industry peer closed.

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Source Fool.com