why is gilead stock dropping

“Riva's departure has absolutely nothing to do with GILD's future commitment to cell therapy.” RBC Capital Markets’ Brian Abrahams reiterated an Outperform rating as well. Gilead Sciences stock (ticker: GILD) fell on Wednesday, after the resignation of its head of oncology therapeutics.Copyright ©2020 Dow Jones & Company, Inc. All Rights ReservedThis copy is for your personal, non-commercial use only. This copy is for your personal, non-commercial use only. The … listed companies working on Coronavirus vaccines, have fared better that companies working on therapeutics, gaining 130% year-to-date. Trefis is currently used by hundreds of thousands of investors, company employees, and business professionals.Opinions expressed by Forbes Contributors are their own. “Over the long term, we’ve introduced a new strategy to drive growth by growing our pipeline internally and, importantly, also externally through our ongoing [business development] activities.”In a note on Tuesday after the announcement, Raymond James analyst Steven Seedhouse downgraded Gilead to Outperform from Strong Buy and cut his price target to $80 from $81.“We believe GILD shares remain undervalued and GILD is likely to outperform in the next 12-18 months,” Seedhouse wrote.

Oncology is one area where bulls have pinned their hopes. Leading stocks tend to have RS Ratings of 80 or above. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. The Gilead Stock Is Down Because the Market Is Overreacting . It is a trending stock that is worth watching. April 11, 2020. Read Next U.S., China agree to expand airline flights between them to … For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. CAR-T therapies—which use a patient’s T-cells to attack a cancer—are a hot area of research, so some investors might be worried that Riva’s departure will be a setback for the division (or even signal frustration with its progress).“We are well positioned to continue to grow and confident in our ability to continue to advance our pipeline of novel therapeutics for people living with cancer,” the company said.Not many analysts have weighed in on the news yet, but on Wednesday, Mizuho’s Salim Syed reiterated a Buy rating and $88 price target on Gilead. 5 stock analysts on Stockchase covered Gilead Sciences Inc. For the best Barrons.com experience, please update to a modern browser. The platform uses extensive data to show in a single snapshot what drives the value of a company's business. Gilead, like other biotechs, had a difficult 2018, and the stock is still down 21.5% in the trailing 12-month period, as of Wednesday afternoon. Gilead's stock is up 14.7% year-to-date; the S&P 500 SPX, -0.44% is down 11.9%. Kimberly White/Bloomberg News Surprisingly, the founders of Trefis discovered that along with most other people they just did not understand even the seemingly familiar companies around them: Apple, Google, Coca Cola, Walmart, GE, Ford, Gap, and others.

We've detected you are on Internet Explorer. We've detected you are on Internet Explorer. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.https://www.barrons.com/articles/gilead-stock-is-down-because-the-market-is-overreacting-51551901559But the drop may not have much merit, analysts say.

You can play with assumptions, or try scenarios, as-well-as ask questions to other users and experts. CEO Daniel O’Day, who took the helm in December, has oncology experience of his own, Abrahams writes, which should help steer the ship until a replacement is found.

Classic Car Shows Near Me, Tish Cyrus Height, Sonic Adventure 2 Pc Mods, How To Branch A Dragon Tree, Neuf Mois 1994 Full Movie, Lil Uzi Vert Pfp Maker, Trump Election 2020 Prediction, American Craftsman Window Pane Replacement, How Many Calories In A Whole Pineapple, Death On The Ridge Road, Cbr 600 F2 Specs, Samantha Savage Law And Order, Poe Blight Oil Recipes, Ride Along 2 Full Movie, Why Are Trophy Trucks 2wd, Mr Personality Where Are They Now, Total Green Lavender Grow Kit, Tracker Boat Trailer Ball Size, Charge It 2 Da Game, Nasty Gal Ebay Original Photos, Large Slate Rock For Sale, Spiritual Meaning Of Spiders In The Bible, Chapter 4 Communication And Cultural Diversity Workbook Answers, Joshua Luke Johnston Instagram, My Love Story Episode 1 English Dub Dailymotion, Map Of Kentucky And Tennessee, What Happened To Marisela Gonzales, Best Bmx Bikes Under 1000, Rug Doctor Pro Not Extracting Water, How Long Do Edibles Take To Work Reddit, Taps At A Civilian Funeral, Riya Name Meaning In Islam, What Does The Name Maggie Mean In The Bible, Selling Car To Carmax Reddit, How Do I Reset My Ge Refrigerator Control Panel, Bichon Frise Puppies For Sale In Ga, Dayz Loot Tent, Snake Bite In Dream Good Or Bad, Sally Wade Cause Of Death, Vincent Herbert New Wife, Seadoo 951 Engine For Sale, The Crown Season 2 Cast, Hi Friend Meme Funny, Radio Shack Electronic Battleship Instructions, Da Da Da Song 90s, It Beverly Sewer Scene Excerpt, The Dot Peter Reynolds Pdf, Live Red Peacocks For Sale, Middle Names For Maisyn, Dwarf Apple Trees For Sale, Why Does My Stomach Stick Out At The Bottom, Sea Of Galilee Boat Model, Hawks Costume Bnha, Why Did The Master Try To Poison Lord Asriel, Civilization 6 Cheat Engine Science, Depth Of Wardrobe For Hangers, Andy Ruiz Wife, Arctic Fox Sunset Orange And Cosmic Sunshine, Lagotto Romagnolo Puppies For Sale In Italy, Invalid_session_id Salesforce Rest Api, How To See If Someone Added You By Username On Snapchat, Zombie On Earth Zoe Meaning, Snow Tha Product Girlfriend Julissa Age, Houses For Rent Eugene Oregon, Hell N Back Bakar Meaning, Yamaha Xjr1300 For Sale Ebay, Raymour And Flanigan Layaway Payment, Bottle Calves For Sale In Alabama, Travelscoot For Sale Craigslist, Best Soil For Ficus Bonsai, Can I Use Synthetic Oil In My Pressure Washer, Agile Off Road 4x4 Conversion Cost, Duck On A Bike Inferences, Is Michelle Veintimilla Related To Milo Ventimiglia, 1991 Chevy Suburban Towing Capacity, Midnight Bus Urban Legend, Newport Cigarettes Wholesale, Fire Force Episode 1 Kickass, How To Cite Spss Version 26, Hayabusa For Sale On Craigslist Texas, Kahoot Answers Hack, Parrots Near Me For Sale, Grumpy Old Man Names, 1903 Springfield Serial Numbers, 2020 Husqvarna Tx300i Vs Te300i, Stuart Milner Son Of Martin Milner, Kobo Aura One Battery Replacement, Lowes Vs Home Depot Storm Doors, Isn't It Romantic 2019 123movies, Piaggio Liberty 150 Top Speed, Lisa King Little Jimmy Dickens, Water Jet Cleaning Solution Manual, Hells Angels Worcester Ma Clubhouse, The Fan 1996 Full Movie, Esteban Gabriel Birthday, Mega Moto 212cc Mega Max Mini Bike,

Leave a Reply