Stock Update on Gilead Sciences, Inc. (NASDAQ:GILD)

Gilead Sciences, Inc. (NASDAQ:GILD) shares finished the most recent trading session moving +0.2447%. The stock price saw a high of $75.5100 and a low of $74.8700. Moving averages may assist investors in spotting trends that can help predict future share movement. If the stock is trading higher than a moving average, the average may provide a level of support. If the stock is trading below a moving average, the average may provide a level of resistance. Presently, the stock is -5.9635% away from its 200-day moving average of $80.2713. The stock has been recorded at +1.0943% away from the 50-day moving average of $74.6672. 

Taking a longer term look at where the stock has been and where it’s headed, we note that currently the stock has traded in the range of $71.3910 – 108.6300 over the past 52-weeks. The latest bid places it $-33.1457 away from the 52-week high of $108.6300, or -30.5125%. On the other end, the latest bid puts the equity $4.0933 away from the 52-week low of $71.3910, or +5.7336%. The 52-week metric is serves as an important parameter for investors as they gauge the current price level of a stock and where it might be headed in the future.

Another important metric used by institutional and retail investors alike, is the analyst price target on a stock. Wall Street brokerage firms on the sell-side hire analysts to conduct research on stocks they cover for their clients. Analysts issue reports which often include a future stock price projection for the stock. Thomson Reuters’ First Call, which many consider to be the benchmark for EPS and consensus data, currently have the price target listed as $95.7400. This is the consensus of all analyst targets from the brokerage firms polled by First Call.

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