Gilead Seeks Diversification Into Immuno-oncology Space With $11.9 Billion Kite Buy

With 70,900 avg volume, 11 days are for Hanwha Q Cells Company Limited Ads (NASDAQ:HQCL)'s short sellers to cover HQCL's short positions. Sandy Spring Commercial Bank owns 1,100 shares. (PM) has risen 16.65% since August 28, 2016 and is uptrending. It has underperformed by 11.43% the S&P500.

In reaction to the deal news, which was originally reported by the Wall Street Journal and has since then been confirmed by the companies, shares of Kite Pharma were soaring 28.68 percent to $179. Therefore 63% are positive. $89.20's average target is -49.80% below currents $177.7 stock price.

According to sources familiar with the matter, Gilead Sciences, Inc. On Friday, March 3 the stock rating was downgraded by Stifel Nicolaus to "Hold". Mizuho maintained the stock with "Outperform" rating in Monday, August 17 report. But Gilead stock was less enthusiastic, rising 2.3%, near 75.50. The rating was initiated by Citigroup on Thursday, February 25 with "Buy".

IXYS stock surged 36.4% to $21.75. Wetherby Asset stated it has 12,514 shares or 0.36% of all its holdings. Geode Capital Management Lc reported 173,128 shares. Honeywell Intl Inc Com (NYSE:HON) was raised too. The consensus target price is $74.18 with 6 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell. Gilead Sciences had 80 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has "Mkt Perform" rating given on Tuesday, September 27 by Leerink Swann. The stock has "Buy" rating by Brean Capital on Friday, April 29. The firm has "Buy" rating given on Monday, June 26 by Cowen & Co. But will the new revenue be enough for Gilead, considering the amount has fallen and is projected to continue falling? The company's market cap is $10.18 billion.

Yet the company faced criticism over Solaldi's $84,000 list price for a full 12-week treatment course. It has a 8.55 P/E ratio. The Company's products for HIV/AIDS patients include Descovy, Odefsey, Genvoya, Stribild, Complera/Eviplera, Truvada, Emtriva, Tybost and Vitekta. Its up 0.02, from 0.91 in 2016Q3. On Thursday, June 1 MARTIN JOHN C sold $4.78M worth of Gilead Sciences, Inc. (NASDAQ:GILD) on Wednesday, November 2 to "Outperform" rating. The stock of Gilead Sciences, Inc. After this sale, 18,664 common shares of KITE are directly owned by the insider, with total stake valued at $3,323,125.

Investors sentiment decreased to 0.7 in 2016 Q4. Its down 0.21, from 1.45 in 2016Q3.

It seems obvious that the Kite Pharma deal is a step toward reviving Gilead's growth prospects. 20 funds opened positions while 32 raised stakes. Notis has 0.7% invested in Gilead Sciences, Inc. Wedge Mngmt L LP Nc holds 0.01% or 48,000 shares in its portfolio. Gam Holding Ag has 0.03% invested in Kite Pharma Inc (NASDAQ:KITE). Pinnacle Assocs invested 0.24% in Amgen, Inc. (NASDAQ:GILD). The New York-based Oppenheimer And has invested 2.22% in Gilead Sciences, Inc. Whitnell Co owns 0.1% invested in Gilead Sciences, Inc. Moreover, Raymond James Fincl Service Advisors has 0.01% invested in Kite Pharma Inc (NASDAQ:KITE). (NASDAQ:GILD). Dubuque Financial Bank Tru holds 0.02% or 1,375 shares in its portfolio. Gilead Sciences's payout ratio is 22.58%. Janney Montgomery Scott Limited Liability Com holds 298,010 shares. Artal Group Sa accumulated 0.25% or 250,000 shares. (NASDAQ:AMGN). Gemmer Asset Mgmt Ltd Com invested in 0.07% or 1,010 shares. (NASDAQ:GILD). Glg Ptnrs L P owns 12,002 shares or 0.03% of their USA portfolio. In the past 3-month period alone, shares of GILD have appreciated +9.23 - or +14.30%. For Q2 FY2017, the company reported revenues of just over $10 million compared with R&D costs of $71 million and a net loss of $110 million.


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