Gilead Sciences Inc. (NASDAQ:GILD) traded at a new 52-week high today of $73.38. Approximately 700,000 shares have changed hands today, as compared to an average 30-day volume of 7.7 million shares.
Gilead Sciences Inc. share prices have moved between a 52-week high of $73.38 and a 52-week low of $56.56 and are now trading 29% above that low price at $73.24 per share.
Gilead Sciences Inc. (NASDAQ:GILD) is currently priced 98.5% above its average consensus analyst price target of $1.11.
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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