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Alecta Tjanstepension Omsesidigt Makes New $99.95 Million Investment in Gilead Sciences, Inc. $GILD
Alecta Tjanstepension Omsesidigt has made a significant new investment of $99.95 million in Gilead Sciences, acquiring 814,325 shares. This investment represents 0.07% ownership of Gilead, whose recent financial results slightly beat expectations, and analysts maintain a “Moderate Buy” rating with an average target price of $157.35. Despite this institutional confidence, insider trading activity shows net selling of 63,000 shares worth approximately $9.24 million over the last 90 days.