BioNTech (BNTX) Beat Analysts’ Estimates and Is Now Surging in After Hours Trading

BioNTech (BNTX) Beat Analysts’ Estimates and Is Now Surging in After Hours Trading

BNTX is a highly volatile stock. I mean, in a week’s time, the stock plummeted down to around $145, then surged back to just above $200. Surely, BNTX is partnered with Pfizer (PFE) and they’ve been busy distributing the COVID vaccine. And BNTX earnings beat out analysts’ estimates.

I’m still a bit skeptical but I have 2 positions, one 15.99% gain and the other at 11.48% gain. I’m very happy with these profit gains so far, but given the volatility of this stock, who knows where it’s going to go next?

Right now, BNTX is up $212 a share in after-hours trading. A good sign.

In addition, I also day traded BNTX for a modest gain, so I’m trying to approach the stock from different strategy points, one intraday, one swing trading, and the other position trading.

We’ll see how things turn out in the coming days and weeks, but right now BNTX is flying high!

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randomguru

Portfolio Manager & Musician

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