SemiLEDs (LEDS) Sudden Bullish Activity; Gabelli Sees Potential In Gilead Sciences (GILD)
Shares of SemiLEDs Corp. (Nasdaq:LEDS) soared to touch the $2.49 mark in intraday trading Wednesday, currently changing hands at $2.24, up $0.85 (or +61.34%) with a volume of 653,443 shares traded so far. There appears to be nothing special in the way of news from the company to cause the sudden bullish activity in the stock.
The company recently said that it expects to deliver revenue in the range of $2.4 million to $3.0 million for the quarter ending May 31, 2016.
SemiLEDs, which develops and manufactures LED chips and LED components primarily for general lighting applications, has 2.90M Shares Outstanding and LEDS stock 52-week range is between $1.36 and $8.30 per share
Investment analysts at Gabelli & Co. initiated coverage on Gilead Sciences Inc. (Nasdaq:GILD) shares with a Buy rating and a price target of $109.00. However, GILD stock is currently trading in negative territory by 0.63% (or – $0.55) at $86.51
The biopharmaceutical company estimates full year 2016 net product sales to be between $30 billion and $31 billion
Gilead Sciences, which discovers, develops and commercializes innovative therapeutics in areas of unmet medical need, has 1.33B Shares Outstanding and GILD stock one-year range is from $81.28 to $123.37 per share
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