California based Gilead Sciences Inc. shares, +0.13% inches 0.13% higher to $67.51 Tuesday. This proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX, +0.02% rising 0.02% to 4,227.26 and the Dow Jones Industrial Average DJIA, -0.09% falling 0.09% to 34,599.82.
Gilead Sciences Inc. closed $11.43 below its 52-week high ($78.94), which the company reached on July 20th. The stock outperformed some of its competitors Tuesday, as Johnson & Johnson JNJ, -0.88% fell 0.88% to $163.39, Merck & Co. Inc. MRK, -0.55% fell 0.55% to $72.40, and AbbVie Inc. ABBV, -0.59% fell 0.59% to $112.34.
Gilead Sciences proved to be one of the most important stocks in the pandemic though you wouldn’t know it by their stock chart. Their drug, remdesivir, is still the only drug with full FDA approval to treat Covid-19, making it invaluable for the hundreds of thousands of individuals who found themselves hospitalized with the deadly disease.However, per-share earnings are down significantly in the three years – from $4.17 to a paltry $0.10. At the same time, return on equity plunged from almost 26% to just 0.44%.