Gilead Sciences Inc. (NASDAQ:GILD) traded today at a new 52-week high of $74.12. So far today approximately 700,000 shares have been exchanged, as compared to an average 30-day volume of 7.5 million shares.
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.
Over the past year, Gilead Sciences Inc. has traded in a range of $56.56 to $74.12 and is now at $73.69, 30% above that low.
Gilead Sciences Inc. (NASDAQ:GILD) is currently priced 98.5% above its average consensus analyst price target of $1.12.
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