What the Options Market Tells Us About Gilead Sciences
Portfolio Pulse from Benzinga Insights
High-rolling investors are showing a bullish sentiment on Gilead Sciences (NASDAQ:GILD) through options trading, with 84% of trades being calls. This suggests potential insider information and a price target between $75 and $85. GILD's stock is currently up 2.2% at $82.72, but RSI indicates it may be overbought.
September 12, 2024 | 3:02 pm
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Options trading indicates a bullish sentiment on Gilead Sciences, with 84% of trades being calls. This suggests potential insider information and a price target between $75 and $85. GILD's stock is currently up 2.2% at $82.72, but RSI indicates it may be overbought.
The options market is showing a strong bullish sentiment towards Gilead Sciences, with 84% of the trades being calls. This is significant as it suggests that investors expect the stock price to rise, potentially due to insider information. The stock is currently trading at $82.72, which is within the expected price window of $75 to $85. However, the RSI indicates that the stock may be overbought, which could lead to a short-term pullback.
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