Gilead Sciences (GILD) Offering Possible 10.13% Return Over the Next 3 Calendar Days

Gilead Sciences's most recent trend suggests a bearish bias. One trading opportunity on Gilead Sciences is a Bear Call Spread using a strike $69.50 short call and a strike $74.50 long call offers a potential 10.13% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $69.50 by expiration. The full premium credit of $0.46 would be kept by the premium seller. The risk of $4.54 would be incurred if the stock rose above the $74.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Gilead Sciences is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Gilead Sciences is bearish.

The RSI indicator is at 27.86 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Gilead Sciences

Is Gilead Sciences Stock a Buy?
Sun, 16 Aug 2020 11:13:00 +0000
Gilead Sciences (NASDAQ: GILD) has been at the forefront of the coronavirus treatment space since the early days of the pandemic. During this past spring and early summer, the company donated almost a million doses of its antiviral medication, remdesivir, to the U.S. government in hopes that it would be useful against the coronavirus. The company will charge developed countries $2,340 per treatment course of remdesivir, while private insurers in the U.S. will be charged $3,120 per course.

Merck Is Barron’s Stock Pick This Week’s. Here’s Why.
Sat, 15 Aug 2020 19:30:00 +0000
Shares of Merck (ticker: MRK), now around $83, are down 8% this year. For investors looking for a strong pharmaceutical play at a reasonable price, Merck should get attention. “Merck speaks softly and carries a big stick,” says David Risinger, a drug analyst at Morgan Stanley.

Should You Buy Gilead Sciences Stock on the Dip?
Sat, 15 Aug 2020 11:45:00 +0000
Gilead had donated 1.5 million doses of remdesivir to the U.S. government as of June 30. As a result, Gilead's stock has fallen below $70 for the first time since March. Let's take a closer look at whether Gilead is worth buying today.

A Field Guide to Covid-19 Vaccines and Antivirals
Thu, 13 Aug 2020 21:19:00 +0000
Canadian small-cap biotech CytoDyn has asked the FDA to grant the company’s drug, Leronlimab, an emergency-use authorization to treat mild to moderate Covid-19 cases.

Zydus Cadila launches India's cheapest remdesivir version at $37 per vial
Thu, 13 Aug 2020 04:16:20 +0000
Zydus Cadila on Thursday launched the cheapest generic version of Gilead Sciences' antiviral drug remdesivir in India to treat COVID-19 following reports of shortages at hospitals in the world's third-worst hit nation. Zydus has priced it at 2,800 rupees ($37.44) per 100mg vial. It will be sold under the brand name Remdac to government and private hospitals treating COVID-19 patients, the company said in a regulatory filing https://reut.rs/3gTivT4.

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