In a report released today, Jason McCarthy from Maxim Group assigned a Hold rating to Gilead Sciences (GILD). The company’s shares closed last Thursday at $81.90, close to its 52-week high of $85.98.
According to TipRanks.com, McCarthy is a 4-star analyst with an average return of 7.3% and a 37.0% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as Interpace Diagnostics Group, SELLAS Life Sciences Group, and Actinium Pharmaceuticals.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gilead Sciences with a $77.00 average price target, which is a -9.9% downside from current levels. In a report issued on April 20, Wells Fargo also downgraded the stock to Hold with a $87.00 price target.
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The company has a one-year high of $85.98 and a one-year low of $60.89. Currently, Gilead Sciences has an average volume of 25.11M.
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GILD in relation to earlier this year. Most recently, in February 2020, Kevin Lofton, a Director at GILD bought 21,720 shares for a total of $426,364.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Gilead Sciences, Inc. is a biopharmaceutical company, which engages in the research, development, and commercialization of medicines in areas of unmet medical need. The firms primary areas of focus include human immunodeficiency virus, acquired immunodeficiency syndrome, liver diseases, hematology, oncology, and inflammation and respiratory diseases. It offers antiviral products under Harvoni, Genvoya, Epclusa, Truvada, Atripla, Descovy, Stribild, Viread, Odefsey, Complera/Eviplera, Sovaldi, and Vosevi brands. The company was founded by Michael L. Riordan on June 22, 1987 and is headquartered in Foster, CA.
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