Gilead Sciences hits 20-day low amid market strength
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 28 2017
0mins
Should l Buy GILD?
Source: SeekingAlpha
Gilead Sciences Inc's stock price fell by 3.48%, hitting a 20-day low during regular trading hours. This decline occurred despite the Nasdaq-100 rising by 1.05% and the S&P 500 gaining 0.67%, indicating a disconnect between Gilead's performance and the broader market trends.
The drop in Gilead's stock is attributed to sector rotation, as investors appear to be shifting their focus away from biotech stocks towards sectors that are currently performing better in the market. This shift is evident as the overall market shows strength, yet Gilead's stock does not follow suit, reflecting a specific weakness in its sector.
Investors may need to reassess their positions in Gilead, especially in light of the current market dynamics. The company's recent performance could prompt discussions about its future growth prospects and whether it can regain momentum in a competitive landscape.
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Analyst Views on GILD
Wall Street analysts forecast GILD stock price to fall
19 Analyst Rating
16 Buy
3 Hold
0 Sell
Strong Buy
Current: 154.980
Low
105.00
Averages
137.88
High
154.00
Current: 154.980
Low
105.00
Averages
137.88
High
154.00
About GILD
Gilead Sciences, Inc. is a biopharmaceutical company. It is engaged in advancing medicines to prevent and treat life-threatening diseases, including HIV, viral hepatitis, COVID-19, cancer, and inflammation. It is focused on discovering, developing, and delivering medicines to address unmet medical needs in virology, oncology, and other therapeutic areas. Its portfolio of marketed products includes Biktarvy, Genvoya, Descovy, Complera/Eviplera, Symtuza, Truvada, Stribild, Sunlenca, Epclusa, Vemlidy, Harvoni, Viread, Livdelzi, Veklury, Yescarta, Tecartus, Trodelvy, AmBisome, and Letairis. Its product candidates include Bulevirtide, Lenacapavir, Axicabtagene ciloleucel, Sacituzumab govitecan-hziy, and others. It also develops the HB-400 program and the HB-500 program. It develops therapies that are intended to provide functional cures for hepatitis B virus and human immunodeficiency virus-1. It has a cancer program, namely TREX1. It operates in more than 35 countries worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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