Viking Therapeutics Unusual Options Activity For September 11
Portfolio Pulse from Benzinga Insights
Viking Therapeutics (NASDAQ:VKTX) has seen unusual options activity, with a significant amount of bullish sentiment from big-money traders. The options trades are predominantly calls, suggesting a potential price movement. The stock is currently up 4.12% and may be approaching overbought territory.
September 11, 2024 | 4:30 pm
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Viking Therapeutics has experienced unusual options activity, with 24 call options and 1 put option, indicating a bullish sentiment among big-money traders. The stock price has increased by 4.12%, and the RSI suggests it may be nearing overbought levels. The consensus target price is $80, with a recent downgrade by JP Morgan to Overweight.
The unusual options activity, with a majority of call options, suggests that investors expect the stock price to rise. The stock's recent price increase and the RSI nearing overbought levels indicate strong interest and potential for further price movement. The consensus target price of $80 and the recent analyst rating adjustment also support a positive outlook.
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