Viking Therapeutics Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Viking Therapeutics (NASDAQ:VKTX) has seen significant options trading activity, with a bullish sentiment prevailing among financial giants. Analysis revealed 27 unusual trades, with a majority being calls. The trading activity suggests a focus on a price band between $20.0 and $115.0. The company, specializing in biopharmaceutical development for metabolic and endocrine disorders, is currently trading up by 4.23% at $71.77. Analyst ratings from HC Wainwright & Co. have set a target price at $90.0.
April 26, 2024 | 6:31 pm
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POSITIVE IMPACT
Viking Therapeutics has experienced notable bullish options activity, indicating investor optimism. The stock is currently up, with a target price of $90.0 set by analysts.
The bullish options activity, combined with the stock's current uptrend and the analyst's target price, suggests a positive short-term impact. The focus on calls over puts reflects investor confidence in the stock's potential to reach or exceed the analyst's target price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100