Tuesday, August 08, 2017 2:25:46 PM
Price stuff is simple to understand. We are unknown, low volume trading. If someone wants to load up before the trial build up phase, where all the money is made on Wall Street, they would use the lack of volume to their advantage. It's easy for even medium size players to manipulate a stock price, if most people don't know about it, and most people holding the stock aren't regularly buying and selling it. You sell some shares you don't have, tank the price, and hope to buy more than you sold to get it there, to justify the means. Or you use these high frequency trading programs to churn the share price slowly lower, and do it as cheaply as possible. I don't think anyone sold short in any large volume, probably the second option. Again, I truly doubt that anyone who has held this stock to this point would be selling any number of shares, no matter how low the price goes. Hence the fact that they couldn't sell it much lower without risking major losses. I also can't imagine that any institution would sell right before trial results, having held it this far. If they wanted to sell, they would've sold in late feb/early march, before data was initially expected. Everyone has their position by this time. What you are seeing is others trying to enter a position in this stock, as cheaply as possible, so they can sell shortly before data is released, or if they feel confident enough, to sell right after data is released. It's the age old game on Wall Street. I would be much more concerned if the price wouldn't have tanked. It would imply that nobody likes this stock, or feels comfortable playing the game with it and accumulating the shares. So, thus far, the reassuring pattern I look for, is maintained.
Recent VKTX News
- Viking Therapeutics Reports First Quarter 2024 Financial Results and Provides Corporate Update • PR Newswire (US) • 04/24/2024 08:05:00 PM
- U.S. Futures Display Mixed Results Amid Earnings, WTI and Brent Crude Prices Dip in June Futures Trading • IH Market News • 04/24/2024 11:31:20 AM
- Viking Therapeutics to Report Financial Results for First Quarter 2024 on April 24, 2024 • PR Newswire (US) • 04/17/2024 08:05:00 PM
- Viking Therapeutics Announces Results from Phase 1 Clinical Trial of Oral Tablet Formulation of Dual GLP-1/GIP Receptor Agonist VK2735 • PR Newswire (US) • 03/26/2024 11:03:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 12:54:02 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 12:52:22 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 09:52:52 PM
- Viking Therapeutics Announces Closing of Public Offering of Common Stock Including Full Exercise of Underwriters' Option to Purchase Additional Shares • PR Newswire (US) • 03/04/2024 09:45:00 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 03/01/2024 09:13:40 PM
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- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 02/27/2024 10:21:23 PM
- Viking Therapeutics Announces Proposed Public Offering of Common Stock • PR Newswire (US) • 02/27/2024 09:19:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/27/2024 12:04:52 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/10/2024 01:59:57 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/09/2024 09:01:11 PM
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- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/08/2024 09:56:27 PM
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- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 02/07/2024 10:33:13 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/07/2024 10:24:07 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/07/2024 09:09:21 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/01/2024 01:39:53 AM
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