Share prices in Aer Lingus and Ryanair rise following Pfizer vaccine announcement
The owners of Aer Lingus as well as Ryanair saw their share prices rise significantly following the announcement of a potential COVID-19 vaccine.
Pfizer revealed yesterday that it’s vaccine with German company Bio-N-Tech was 90% effective.
It saw a lot of positive sentiment on the worldwide markets as a result, however there were drops in share prices for the likes of Netflix.
Alan Breen from Cantor Fitzgerald says the bounce does come with warnings.
“There was a lot of positive sentiment around this better than expected result.
“But analysts do not that the study has not been peer reviewed, and distribution down the line will undoubtedly be a challenge going forward.
“But absolutely it has given much relief to those sectors most exposed to the downside in this horrific event.”