VKTX surges higher today after pulling back again near 200-day EMA. Not sure what the news is that's driving the big move higher. The news I did find talks about the following:
1) Viking Therapeutics completed a drug clinical trial stage earlier than expected last week
2) VKTX is on lists of hot stocks to buy for 2026 and could be a takeover, acquisition target
3) VKTX is recommended by 15 Wall Street Ranked analysis who give stock 12-month consensus average price target of $92
4) VKTX is on lists of stocks with high short interest (over 20% short interest) TO BUY because they are vulnerable to getting short-squeezed
Let's talk about the 4th item above. Just imagine VKTX continues to move higher on good news about clinical trials or possibly getting acquired by a larger company. This would push the stock even higher and will force traders who have big short positions on the stock to quickly cover, creating a snowball effect that frantically drives VKTX even higher and completely surges! This is reminiscent of what happened to Game Stop (GME) a few years back. I hope that this happens because I am long on several rather large call option positions on VKTX!
Whatever you all decide to do..... Good Luck!
1) Viking Therapeutics completed a drug clinical trial stage earlier than expected last week
2) VKTX is on lists of hot stocks to buy for 2026 and could be a takeover, acquisition target
3) VKTX is recommended by 15 Wall Street Ranked analysis who give stock 12-month consensus average price target of $92
4) VKTX is on lists of stocks with high short interest (over 20% short interest) TO BUY because they are vulnerable to getting short-squeezed
Let's talk about the 4th item above. Just imagine VKTX continues to move higher on good news about clinical trials or possibly getting acquired by a larger company. This would push the stock even higher and will force traders who have big short positions on the stock to quickly cover, creating a snowball effect that frantically drives VKTX even higher and completely surges! This is reminiscent of what happened to Game Stop (GME) a few years back. I hope that this happens because I am long on several rather large call option positions on VKTX!
Whatever you all decide to do..... Good Luck!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.