Gilead Sciences Inc. (NASDAQ:GILD) traded today at a new 52-week high of $70.80. This new high was reached on below average trading volume as 700,000 shares traded hands, while the average 30-day volume is approximately 5.7 million shares.
Gilead Sciences Inc. (NASDAQ:GILD) defies analysts with a current price ($70.57) 97.9% above its average consensus price target of $1.51.
In the past 52 weeks, Gilead Sciences Inc. share prices are bracketed by a low of $56.56 and a high of $70.80 and is now at $70.57, 25% above that low price.
Gilead Sciences develops and markets therapies to treat life-threatening infectious diseases, with the core of its portfolio focused on HIV and hepatitis B and C. The acquisitions of Corus Pharma, Myogen, CV Therapeutics, Arresto Biosciences, and Calistoga have broadened this focus to include pulmonary and cardiovascular diseases and cancer. Gilead’s acquisition of Pharmasset brought rights to hepatitis C drug Sovaldi, which is also part of combination drug Harvoni, and the Kite acquisition and pending Forty-Seven acquisition boost Gilead’s exposure to cell therapy and noncell therapy in oncology.
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