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Stock impact report

Why Investors Plowed Into Viking Therapeutics Stock Today [Yahoo! Finance]

Viking Therapeutics, Inc. (VKTX) 
Last viking therapeutics, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.vikingtherapeutics.com
Company Research Source: Yahoo! Finance
For the second day in a row , a pundit's take on Viking Therapeutics (NASDAQ: VKTX) helped push the biotech's share price higher. It was this rather than inherent news from the company that added more than 3% to said price, a gain that handily beat the S&P 500 index's 0.8% increase. Thumbs-up from bullish pundit The latest analyst to weigh in on Viking's prospects was Morgan Stanley 's Michael Ulz, who early Thursday morning published a new research note on the now-prominent biotech. Ulz is unquestionably a Viking bull, as his recommendation on the stock is overweight (read: buy) at a relatively high $105 per-share price target -- 67% above the stock's latest closing price. These days, investors are eager for news of the company's VK2735 investigational obesity drug. If successful, this treatment should compete quite effectively with similar medications commercialized by Denmark-based Novo Nordisk (NYSE: NVO) and American company Eli Lilly (NYSE: LLY) , not least because it is Show less Read more
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