Gilead flies $12 bln kite to find cancer mini-me

I don’t second-guess Gilead’s $11.9 billion offer for Kite at all.

Aveo Pharmaceuticals Inc.(AVEO) rallied 20% premarket after the company’s Fotivda, or tivozanib, treatment for advanced renal cell carcinoma has been approved in the European Union.

Gilead was ready to pay the price for Kite, whose shares had tripled just this year through Friday.

Gilead has announced plans to acquire Kite Pharma, which is the developer of the chimeric antigen receptor (CAR) T-cell therapy axicabtagene ciloleucel (axi-cel; KTE-C19), for $180.00 per share in cash, totaling approximately $11.9 billion. It has underperformed by 38.50% the S&P500. D L Carlson Invest Gru reported 18,143 shares stake. Mastercard Inc Cl A now has $142.57 billion valuation. The stock has a market cap of $98.68 billion, a PE ratio of 8.21 and a beta of 1.21. About 949,316 shares traded. Medidata Solutions Inc (NASDAQ:MDSO) has risen 68.37% since August 28, 2016 and is uptrending. It has outperformed by 4.76% the S&P500. It also upped Monster Beverage Corp stake by 202,400 shares and now owns 307,683 shares. (NYSE: CRR), down 7 percent, and Carrizo Oil & Gas Inc (NASDAQ: CRZO) down 9 percent.

Investors sentiment decreased to 1.24 in Q4 2016. Its up 0.02, from 0.91 in 2016Q3. Creative Planning, a Kansas-based fund reported 13,207 shares. Exxon shares were up 0.1%, while Chevron Corp. Proshare Advisors Limited Co holds 0.02% or 39,880 shares.

Keith Speights owns shares of Gilead Sciences. Marble Harbor Counsel Limited Liability Com holds 0.05% or 4,195 shares in its portfolio. Pinnacle Assocs invested 0.24% in Amgen, Inc. Thompson Davis & holds 0% of its portfolio in Kite Pharma Inc (NASDAQ:KITE) for 75 shares. Signalpoint Asset Llc holds 0.06% in Amgen, Inc. The Russell 2000 index of smaller-company stocks gained 3 points, or 0.2 percent, to 1,380.

Since March 1, 2017, it had 0 insider purchases, and 7 insider sales for $16.39 million activity. About 140,817 shares traded.

Shares of Genesco Inc. With 40,800 avg volume, 24 days are for Mattersight Corporation (NASDAQ:MATR)’s short sellers to cover MATR’s short positions. Therefore 80% are positive. Silicon Motion had 25 analyst reports since July 28, 2015 according to SRatingsIntel. Pacific Crest upgraded the stock to “Outperform” rating in Monday, August 17 report. The stock has “Neutral” rating by Bank of America on Friday, January 15. The company was maintained on Thursday, July 27 by Maxim Group. The firm earned “Buy” rating on Tuesday, February 23 by Investec. As per Monday, September 21, the company rating was maintained by Cowen & Co. Gilead Sciences, Inc. has a 12 month low of $63.76 and a 12 month high of $82.07. $5.16 million worth of Gilead Sciences, Inc. Stifel Nicolaus has “Buy” rating and $100 target. The business’s revenue was down 8.2% on a year-over-year basis.

Several equities analysts recently commented on GILD shares. Oppenheimer has “Outperform” rating and $124 target. The rating was initiated by Leerink Swann with “Market Perform” on Tuesday, April 26. The stock has “Buy” rating by Jefferies on Monday, June 12. Its down 0.17, from 1.26 in 2016Q3. On Tuesday, May 9 Cogan John Francis sold $668,667 worth of Gilead Sciences, Inc.

Home Depot was up 1 percent, while Lowe’s rose 0.52 percent as investors expected the two largest US home improvement chains to be among the biggest beneficiaries of post-Harvey recovery. Blackrock Fund invested in 0.02% or 1.99 million shares. Massmutual Trust Fsb Adv has 45,232 shares.

Gilead Sciences is a biopharmaceutical company that discovers, develops and commercializes innovative therapeutics in areas of unmet medical need.

More notable recent Gilead Sciences, Inc. Amer Grp Inc Inc Inc has 22,533 shares for 0% of their portfolio. (NASDAQ:GILD) for 84,009 shares. Its down 9.58% from 873,800 shares previously. Sg Americas owns 32,413 shares.

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