Looking At Viking Therapeutics's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Viking Therapeutics (NASDAQ:VKTX) has seen unusual options activity indicating a bullish sentiment among deep-pocketed investors, with a significant portion of activity in calls over puts. The options activity suggests an expected price window of $55.0 to $100.0. Recent trading volume and RSI indicators hint at potential oversold conditions, with the stock price recently up 1.53% at $64.39. Analysts have mixed views, with target prices ranging from $90 to $138, despite some lowering their ratings.
April 22, 2024 | 7:01 pm
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Viking Therapeutics has seen a bullish trend in options activity, with a price increase and analysts' mixed target prices suggesting potential short-term growth.
The unusual options activity, particularly the bullish sentiment and the higher volume of calls over puts, indicates investor confidence in VKTX's short-term prospects. The recent price increase and the anticipation of earnings release in 2 days further support potential short-term growth. Analysts' mixed target prices, with some lowering ratings while others maintain high targets, add a layer of uncertainty but the overall bullish sentiment among investors suggests a positive outlook.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100