When we first mentioned Viking Therapeutics (VKTX) with the Chart of Day, it traded at around $35 a share on February 20. By March 5, it was above $92 a share.
Today, after slipping to $66.72 on competitor trial news, VKTX is starting to push higher again.
Last trading at $66.72, we’d like to see it challenge $92 again shortly.
VKTX recently announced Phase 2 data for their obesity drug. After just 13 weeks, 35 patients titrated up to 15 mg of once-weekly VK2735 lost 14.7% of their baseline weight, a 13.1% improvement over placebo.
There’s also speculation VKTX could be an acquisition target.
Working much like Eli Lilly’s Mounjaro, which stimulates GLP-1 and GIP, VKTX’s treatment triggers a feeling of fulness in the body after eating, which then leads to weight loss.
We also have to remember that the obesity story is bursting at the seams. According to the World Health Organization, obesity has tripled since 1975. More than 1.9 billion adults were overweight as of 2016, with more than 650 million considered obese. Plus, more than 340 million children were considered overweight in 2016, as well.
At the rate we’re going, obesity will be the downfall of millions.
However, if millions of people can take a pill or get a shot to help lose weight, it could create an unbelievable multi-billion-dollar opportunity for stocks like VKTX.
![🧐 In this video, Dylan discusses a recent Bloomberg article that sheds light on the hidden dynamics within the crypto market.
[Bloomberg Article - https://www.bloomberg.com/news/articles/2024-05-15/crypto-deals-kol-investors-get-big-valuation-discounts]
From influencers to financial gurus, many key opinion leaders (KOLs) are being paid handsomely to promote certain cryptocurrencies, often leading to classic pump-and-dump schemes.
🚨 Buyer Beware: If you're investing in crypto, it's crucial to understand the game being played. As Dylan's grandfather used to say, "If you don't know who the patsy at the table is, you're the patsy." This timeless advice is more relevant than ever in today's volatile crypto landscape.
📈 Whether you're a seasoned investor or new to the crypto space, this video offers essential insights to help you navigate these murky waters. Dylan is not here to debate the legitimacy or utility of cryptocurrencies but to ensure you are aware of the tactics used to manipulate the market.
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