That's exactly, flight to quality on strong volume. Maybe buybacks? Aapl up today too, more flight to quality. This whole irrational Gild pps crash with the bizarre doom and gloom press from ambiguous sources reminds me of when aapl got beaten down a few years ago. The company bought back boatloads of shares at discount prices and the the pps had a huge run up.I would not be surprised to see new highs within 12-18 months.
based on your loser posts the fox info babes pretending to think are far more intelligent then your actual thought process.
The firm reduced Gilead to 25,221 shares from 537,321 shares ($50.6 million). Hopefully the selling is now done and the pps will continue to move up to a more rational valuation.
I don't know how "they" do it or who "they" are. And if I had their phone number I would have called them. But I can not come up with a better explanation of the seemingly irrational pps action of this stock, very similar to what occurred with aapl.