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Do Traders Think Gilead Sciences, Inc. (GILD) Can Keep Climbing Wednesday?

Wednesday, June 22, 2022 03:46 PM | InvestorsObserver Analysts

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Do Traders Think Gilead Sciences, Inc. (GILD) Can Keep Climbing Wednesday?

Overall market sentiment has been neutral on Gilead Sciences, Inc. (GILD) stock lately. GILD receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,neutral
Gilead Sciences, Inc. has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on GILD!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With GILD Stock Today?

Gilead Sciences, Inc. (GILD) stock is higher by 1.9% while the S&P 500 is lower by -0.06% as of 3:33 PM on Wednesday, Jun 22. GILD has gained $1.15 from the previous closing price of $60.51 on volume of 5,733,067 shares. Over the past year the S&P 500 is down -10.95% while GILD is lower by -8.45%. GILD earned $3.58 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 17.18.

More About Gilead Sciences, Inc.

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. Click Here to get the full Stock Report for Gilead Sciences, Inc. stock.

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