Market Whales and Their Recent Bets on VKTX Options
Portfolio Pulse from Benzinga Insights
Market whales have shown a predominantly bearish stance on Viking Therapeutics (NASDAQ:VKTX), with options trading data revealing 80% bearish sentiment among significant trades. Notable options activity includes a mix of bullish, bearish, and neutral trades with strike prices ranging from $55.0 to $90.0. Viking Therapeutics, a biopharmaceutical company focusing on metabolic and endocrine disorders, has seen its stock price decrease by -1.64%, with an RSI indicating a neutral position. Analysts have mixed views, with price targets ranging from $90 to $138, despite a recent downgrade by HC Wainwright & Co. to Buy.
April 18, 2024 | 3:04 pm
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Significant bearish options activity and a recent stock price dip suggest short-term pressure on VKTX, despite mixed analyst optimism and upcoming earnings.
The bearish sentiment from market whales, indicated by the 80% bearish options trades, alongside a recent stock price decrease, suggests short-term negative pressure on VKTX. However, the mixed analyst ratings and the upcoming earnings announcement could introduce volatility, making the short-term outlook cautious.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100