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Gilead Sciences, Inc [GILD] Investment Appeal on the Rise

Gilead Sciences, Inc’s recent filing unveils that its Chief Commercial Officer Mercier Johanna unloaded Company’s shares for reported $0.46 million on Nov 06 ’24. In the deal valued at $91.28 per share,5,000 shares were sold. As a result of this transaction, Mercier Johanna now holds 73,127 shares worth roughly $6.62 million.

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Then, Parsey Merdad sold 25,590 shares, generating $2,341,485 in total proceeds. Upon selling the shares at $91.50, the Chief Medical Officer now owns 99,599 shares.

Before that, MERDAD V PARSEY bought 25,590 shares. Gilead Sciences, Inc shares valued at $2,341,485 were divested by the Officer at a price of $91.50 per share.

Wolfe Research initiated its Gilead Sciences, Inc [GILD] rating to an Outperform in a research note published on November 15, 2024; the price target was $110. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in mid November with a ‘”a Buy”‘ rating. Maxim Group also remained covering GILD and has decreased its forecast on November 08, 2024 with a “Hold” recommendation from previously “Buy” rating. Leerink Partners revised its rating on October 21, 2024. It rated GILD as “an Outperform” which previously was an “a Market perform”.

Price Performance Review of GILD

On Monday, Gilead Sciences, Inc [NASDAQ:GILD] saw its stock jump 0.33% to $90.49. Over the last five days, the stock has gained 2.29%. Gilead Sciences, Inc shares have risen nearly 11.70% since the year began. Nevertheless, the stocks have risen 20.05% over the past one year. While a 52-week high of $98.90 was reached on 11/11/24, a 52-week low of $62.07 was recorded on 05/31/24. SMA at 50 days reached $87.57, while 200 days put it at $75.25.

Levels Of Support And Resistance For GILD Stock

The 24-hour chart illustrates a support level at 89.54, which if violated will result in even more drops to 88.59. On the upside, there is a resistance level at 91.40. A further resistance level may holdings at 92.31. The Relative Strength Index (RSI) on the 14-day chart is 53.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.60%. Stochastics %K at 31.72% indicates the stock is a holding.

How much short interest is there in Gilead Sciences, Inc?

A steep rise in short interest was recorded in Gilead Sciences, Inc stocks on 2024-10-31, growing by 9600.0 shares to a total of 17.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 17.74 million shares. There was a rise of 0.05%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on October 17, 2024 when Bernstein began covering the stock and recommended ‘”an Outperform”‘ rating along with a $105 price target.

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