Viking Therapeutics Unusual Options Activity For September 24
Portfolio Pulse from Benzinga Insights
Viking Therapeutics (NASDAQ:VKTX) has seen unusual options activity, with a significant bearish sentiment among big-money investors. The options trades include 14 uncommon transactions, with 64% being bearish. The stock is currently trading at $61.74, down 5.03%, with an average analyst price target of $92.5. Analysts from JP Morgan and Morgan Stanley have downgraded their ratings to Overweight, with price targets of $80 and $105, respectively.
September 24, 2024 | 3:16 pm
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Viking Therapeutics has experienced unusual options activity with a bearish sentiment from big-money investors. The stock is down 5.03% and analysts have set price targets of $80 and $105.
The unusual options activity with a predominant bearish sentiment suggests that investors expect the stock to decline. The stock's current price drop of 5.03% aligns with this sentiment. Additionally, the downgrades by JP Morgan and Morgan Stanley, despite high price targets, indicate caution among analysts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100