Gilead Sciences's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Gilead Sciences (NASDAQ:GILD) with significant options activity detected. The majority of the options trades are bearish, focusing on a price range between $60.0 and $74.0. Gilead Sciences is currently trading at $71.37, up by 0.99%, but RSI readings suggest it may be overbought. Analysts have mixed ratings with an average target price of $77.0.
June 24, 2024 | 3:46 pm
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Gilead Sciences has seen a significant increase in options activity, with a majority of trades being bearish. The stock is currently trading at $71.37, up by 0.99%, but RSI readings suggest it may be overbought. Analysts have mixed ratings with an average target price of $77.0.
The significant bearish options activity suggests that investors are expecting a decline in Gilead Sciences' stock price. The current price is $71.37, and the RSI indicates it may be overbought, which could lead to a short-term price correction. Mixed analyst ratings add to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100