GILD should be up on this news today! I just don't get it!
I am looking at my fidelity site re a Form 4 filed by Martin April 1st which states this Form 4 is pursuant to a Rule 10b5-1 trading plan. I am no legal eagle but I am assuming this is a planned sale and simultaneous acquisition of additional shares at 14.50 p/s.
I think we have to wait to later in April when the earnings comeout. Too much negativity being pushed around regarding drug pricing. There were some biotechs with very high valuations and I think the big boys just wanted to take the froth out. Unfortunately there doesn't seem much logic in determining the lofty from the not-so-lofty so they all fall down.
See the Barrons article under Yahoo news today! Its always some type of crapola with GILD!
I believe you are right. I seem to recall GILD giving a less than spectacular guidance call last time they reported. We appear to be stagnant until earnings.
Options has got these stocks by the nads!
I'd suggest you buy now in the 123's. Next few weeks you got rollout of the iwatch, earnings and update on the dividend. more upside imo!