Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Viking Therapeutics Inc shares valued at $137,333 were sold by MACARTNEY LAWSON on Nov 08 ’24. At $68.67 per share, MACARTNEY LAWSON sold 2,000 shares. The insider’s holdings dropped to 47,965 shares worth approximately $1.99 million following the completion of this transaction.
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Also, LAWSON MACARTNEY purchased 2,000 shares, netting a total of over 137,333 in proceeds.
Before that, ZANTE GREG had sold 131,687 shares from its account. In a trade valued at $10,089,164, the Chief Financial Officer traded Viking Therapeutics Inc shares for $76.61 each. Upon closing the transaction, the insider’s holdings decreased to 131,687 shares, worth approximately $6.2 million.
As published in their initiating research note from Piper Sandler on December 02, 2024, Viking Therapeutics Inc [VKTX] has been an Overweight. Analysts at B. Riley Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in late November. As of November 04, 2024, H.C. Wainwright has reiterated its “Buy” rating for VKTX. Earlier on September 11, 2024, JP Morgan initiated its rating. Their recommendation was “an Overweight” for VKTX stock.
Analyzing VKTX Stock Performance
During the last five days, there has been a drop of approximately -13.33%. Over the course of the year, Viking Therapeutics Inc shares have jumped approximately 122.94%. Shares of the company reached a 52-week high of $99.41 on 02/28/24 and a 52-week low of $17.23 on 01/03/24. A 50-day SMA is recorded $58.21, while a 200-day SMA reached $61.87. Nevertheless, trading volume fell to 7.08 million shares from 12.98 million shares the previous day.
Support And Resistance Levels for Viking Therapeutics Inc (VKTX)
According to the 24-hour chart, there is a support level at 39.70, which, if violated, would cause prices to drop to 37.92. In the upper region, resistance lies at 42.47. The next price resistance is at 43.46. RSI (Relative Strength Index) is 32.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.68, which suggests the price will decrease in the coming days. Percent R is at 75.42%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
