Thursday, December 27, 2018 7:40:36 PM
[Motley Fool]
Keith Speights, The Motley Fool
,Motley Fool•December 28, 2018
What happened
Shares of Viking Therapeutics (NASDAQ: VKTX) sank 9.8% lower as of 3:37 p.m. EST on Thursday after falling as much as 12.9% earlier in the day. The biotech didn't make any announcements to cause its share price to drop. Instead, Viking fell victim to a pullback in the overall market following Wednesday's big gain.
So what
In one way, it might make sense that Viking's share price would decline more significantly than the broader market indexes. After all, the company has no sustained revenue and is at least a few years away from even the possibility of launching a product. Simply put, Viking is riskier than most stocks.
But when you look at the big picture, there's really no underlying reason why Viking should fall at all because other stocks drop. Viking's prospects hinge solely on its pipeline candidates. Tensions between the U.S. and China and what President Trump thinks about the Federal Reserve Board's decisions don't change a thing about Viking's chances of success with its pipeline.
And those chances still look pretty good. Viking reported great results in September from a phase 2 study of VK2809 in treating nonalcoholic fatty liver disease (NAFLD). The company followed up with positive results from another phase 2 study of VK5211 in helping patients recover from hip fracture.
Now what
While Viking's share price could continue to experience volatility due to swings in the broader market, the more important thing for investors to watch is the biotech's progress on two fronts. Viking is looking to find a partner for VK5211 after its successful phase 2 results. The company also plans to initiate a new study in early 2019 evaluating VK2809 in treating nonalcoholic steatohepatitis (NASH).
In addition, there's a potential wild card that could be huge for Viking Therapeutics. Several big drugmakers are developing experimental NASH therapies. Viking could be an attractive acquisition target for a major player seeking to bolster its NASH pipeline. This is only a possibility for now -- but it's an intriguing one.
https://finance.yahoo.com/news/why-viking-therapeutics-sank-today-205400148.html
Well all of the above, plus, someone(s) has been consistently selling on average 2500 - 3000 shares a session sense Sep.....Who?, What? Why? is the question. Well money of course, but where did they get the shares?
GO VKTX
"PEACE"
Recent VKTX News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/21/2024 01:20:57 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/20/2024 08:29:51 PM
- Viking Therapeutics to Participate at Morgan Stanley 22nd Annual Global Healthcare Conference • PR Newswire (US) • 08/28/2024 08:03:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/22/2024 11:23:58 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/21/2024 08:30:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/20/2024 12:13:31 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/20/2024 12:00:06 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/31/2024 08:05:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/31/2024 08:05:07 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/30/2024 09:56:42 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/30/2024 09:55:09 PM
- Earnings Updates: Ford Shares Fall 13% on EPS Miss, Stellantis Down 6%, Viking Therapeutics Up 20%, Unilever Up 5% • IH Market News • 07/25/2024 10:19:48 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/24/2024 09:00:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/24/2024 08:10:08 PM
- Viking Therapeutics Reports Second Quarter 2024 Financial Results and Provides Corporate Update • PR Newswire (US) • 07/24/2024 08:05:00 PM
- US Index Futures Fall Amid Tech Giant Earnings, Oil Prices Rise • IH Market News • 07/24/2024 09:55:54 AM
- Viking Therapeutics to Report Financial Results for Second Quarter 2024 on July 24, 2024 • PR Newswire (US) • 07/17/2024 08:05:00 PM
- Viking Therapeutics Presents Preclinical Data on Novel Dual Amylin and Calcitonin Receptor Agonists at 84th Scientific Sessions of the American Diabetes Association • PR Newswire (US) • 06/24/2024 11:33:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/04/2024 11:10:11 AM
- Viking Therapeutics Announces Positive 52-Week Histologic Data from Phase 2b VOYAGE Study of VK2809 in Patients with Biopsy-Confirmed Non-Alcoholic Steatohepatitis (NASH) • PR Newswire (US) • 06/04/2024 11:05:00 AM
- Viking Therapeutics to Participate at Upcoming Investor Conferences • PR Newswire (US) • 05/30/2024 08:03:00 PM
- Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments • Edgar (US Regulatory) • 05/22/2024 09:12:36 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 05/22/2024 08:33:26 PM
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