Gilead Sciences Sees Deep-Pocketed Investors Take Bullish Stance, Benzinga Reports

Deep-pocketed investors have taken a bullish approach towards $Gilead Sciences (GILD.US)$, Benzinga reported, cited nine extraordinary options activities linked to the stock. About 77% of the trades were leaning bullish and 22% bearish, according to the report.

Four of them were puts, totaling $495,628, and five were calls, amounting to $213,111, the report showed. The volume and open interest data on the contracts traded signal the big players have been eyeing a price that ranges from $50 to $68 for Gilead Sciences shares during the past quarter. The stock traded at 65.56 at 5:41 p.m. in New York Friday. While it's up 0.45% for the day, it's still near the lowest since 2023. Read the full story here: Gilead Sciences Unusual Options Activity