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Gilead: Downgrade To Hold

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I wrote a few bull articles on Gilead Sciences (NASDAQ:GILD) in the past. My first article was published more than 1 year ago in July 2021. The article was so bullish that it suggested the use of a long call option, as given away in its title "Gilead Sciences - Perfect Setup For Long Call Option". At that time, the stock prices were ~$68, and the P/E ratio was only 12.5x. Fast forward to now, the stock price has risen to ~$86.5 as of this writing, and the total return is about 36% as you can see from the following chart.

seekingalpha.com     Dec 17, 2022