Viking Therapeutics shares are trading higher amid a rumor that suggests a large pharmaceutical company has takeover interests.
Portfolio Pulse from Benzinga Newsdesk
Viking Therapeutics shares are trading higher due to rumors of a potential takeover by a large pharmaceutical company.
February 16, 2024 | 8:54 pm
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POSITIVE IMPACT
Viking Therapeutics shares are experiencing an increase in value following rumors of a potential acquisition by a large pharmaceutical company.
Rumors of acquisitions typically lead to an increase in the stock price of the company being considered for takeover due to anticipated premium offers. However, since these are still rumors, the confidence level is not at its maximum.
CONFIDENCE 70
IMPORTANCE 90
RELEVANCE 100