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American Biopharmaceutical Gilead Sciences Inc Stock Performs Better

America based Gilead Sciences Inc. stock slipped 0.75% to $68.77 Friday. This proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.19% to 4,247.44 and the Dow Jones Industrial Average DJIA rising 0.04% to 34,479.60.

Gilead Sciences Inc. closed $10.17 short of its 52-week high ($78.94), which the company reached on July 20th. The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Johnson & Johnson JNJ fell 1.27% to $164.96, Merck & Co. Inc. MRK rose 0.17% to $76.27, and AbbVie Inc. ABBV fell 0.71% to $115.42.

Gilead Sciences Inc trading volume (6.9 M) remained 7,470 below its 50-day average volume of 6.9 M.The stock’s fall snapped a three-day winning streak. Gilead Sciences closed the most recent trading day at $68.77, moving -0.75% from the previous trading session. This move lagged the S&P 500’s daily gain of 0.2%.Heading into today, shares of the HIV and hepatitis C drugmaker had gained 0.55% over the past month, lagging the Medical sector’s gain of 4.55% and the S&P 500’s gain of 1.06% in that time.GILD will be looking to display strength as it nears its next earnings release.

Analysts expect GILD to post earnings of $1.74 per share. This would mark year-over-year growth of 56.76%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.15 billion, up 19.57% from the year-ago period.GILD’s full-year Zacks Consensus Estimates are calling for earnings of $7.07 per share and revenue of $24.74 billion. These results would represent year-over-year changes of -0.28% and +0.22%, respectively.

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