Gilead Sciences (GILD) Falls: Stock Goes Down 7.3%

Gilead Sciences Inc. (GILD) saw a big move last session, as the company’s shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for GILD, as the stock is now down almost 18% in the past one-month time frame.

This biopharmaceutical company has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

Gilead Sciences currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.0%.

Some better-ranked stocks in the same sector include Alexion Pharmaceuticals, Inc. (ALXN), Myriad Genetics Inc. (MYGN) and ANI Pharmaceuticals, Inc. (ANIP). ANI pharma and Myriad Genetics carry a Zacks Rank #1 (Strong Buy) while Alexion carries Zacks Rank #2 (Buy).

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