Hang in there Slip. GILD is a great company and best of breed in biotechs! She's a winner but had a helluva past 52 weeks run and profit takers will always play in. Next 52 weeks you'll be laffing all the way to the bank with me! I added to my position today.
Gilead Sciences Slips 2% as Weekly New Sovaldi Prescriptions Fall 10%
BY Midnight Trader
— 12:08 PM ET 05/23/2014
12:08 PM EDT, 05/23/2014 (MT Newswires) -- Shares of biopharmaceutical company Gilead Sciences (GILD) fell Friday after Deutsche Bank reported IMS data which shows that weekly Sovaldi new precriptions decreased 10% this week to 3,445 from 3,891 new prescriptions last week.
Deutsche Bank analyst Robyn Karnauskas noted that this week's figure of 3,445 new prescriptions, "does not include wholesale inventory," and that it is too early to define the 10% weekly drop as a definite downward trend since "we just have 23 weeks of scripts."
Karnauskas added that, based on this week's new prescriptions data, US sales of Sovaldi scripts in Q2 2014 could rise 28% to $2.7 billion-$2.8 billion relative to Q1, compared to a Q2 consensus sales estimate of $2.2 billion.
Deutsche Bank maintains a buy rating on GILD with price target set at $135 per share.
GILD shares were down 1.8% to $81.39 in late morning trading Friday. The stock is near the top end of the 52-week range of $46.70 - $84.88.
I do not like this Uncle Sam
I do not like his healthcare scam
I do not like his smug replies
when I complain about his lies
I do not like his spending spree
I'm smart I know that nothing's free
I do not like his illegal alien scamnesty
it’s not fair for legal immigrants to see
I do not like this 18 trillion dollar debt
that my great, great, great, great grandchildren will inherit
I do not like when congress steals
I do not like their secret deals
I do not like those dirty crooks or
how they lie and cook the books
I do not like this jobless rate or
speeches filled with racist hate
I do not like this drilling ban
I do not like this "yes we can"
I do not like his I.R.S. scandal
too much power for them to handle
I do not like our wide open borders
and all of his executive orders
I do not like him trying to take my gun
I’m a proud legal American, I will not run
I do not like this kind of "hope"
I do not like it Nope Nope Nope.
If you were one of the lucky ones that got in a long time ago and can afford to hold power to ya, I got in high and sold at a big loss. Just don't have the time or the patience to wait for the reversal. Until then the big hedge funds are playing their favorite toy here. I hope Elon surprises to the upside in February and burns the shorts but until then its going to be one hell of a ride. Good luck everyone!
Wal-Mart is FB's top retailer but they also get advertising revenue from the likes of Samsung, Microsoft, Verizon and this list goes on and on. How could FB not benefit from Black Friday sales?
Drove away from the restaurant and took a bite only to find the meat was missing from the sandwich. Bit into nothing but buns smeared with catchup and a pickle! Went I went to return it, the driveway was busy so of course I had to go inside and wait at the counter. And these guys think they're worth $15 an hour?
I agree re Obama and now he wants us to pay for all the bums that can't afford health care by forcing us to buy policies that include maternity and mental health. All those beeches that have 6 illegitimate children can get free medical! The sooner he's out the better for Americans!
You've gotta be kiddin me! Have you been living under a rock??? Show me any other company with a p/e multiple and the growth prospects that can come anywhere close to Apple's. Apple is UNDERVALUED my friend! Buy it now while its cheap and you will be a rich man some day!
Think about it! Reduction if outstanding shares (float) gives them less leverage to play the ridiculous option market game which imo is the biggest scam ever invented!
Don't think there's a whole lot of love between investors and CFO Oppenheimer. He's blown a few cc's!
Watch and learn!