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Viking Therapeutics Soars 13.86% on Weight Loss Drug Hype
Generated by AI AgentAinvest Movers Radar
Monday, Apr 14, 2025 6:54 am ET1min read
On April 14, 2025,
surged 13.86% in pre-market trading, marking a significant rise in its stock value.Viking Therapeutics has been in the spotlight due to its ongoing clinical trials for a GLP-1 weight loss drug, which has sparked investor interest. The company's potential in the biotech sector has been highlighted by various analysts, who see it as a stock worth buying now.
analyst Jay Olson Ulz has predicted that Viking Therapeutics could reach $138 per share, representing a gain of about 112% over recent prices.Institutional investors have also shown confidence in Viking Therapeutics. Geode Capital Management LLC increased its stake in the company by 0.9% during the fourth quarter, while Russell Investments Group Ltd. reduced its holdings by 35.4% in the same period. These moves indicate a mixed sentiment among large investors, with some increasing their positions while others are taking profits.
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