Viking Therapeutics (NASDAQ:VKTX) stock soared after announcing positive results from a phase 2 study for experimental drug VK2809 in treating non-alcoholic fatty liver disease (NAFLD) and high low-density lipoprotein (LDL) cholesterol. However, the biotech promptly moved forward with a stock offering to capitalize on its dramatic share price increase. This resulted in Viking giving up some of its big gains.
Sometimes it doesn't make sense to buy a stock when it pulls back after a huge jump. In Viking's case, though, buying on the dip looks like a smart choice that could pay off big over time. Here are three reasons why.
Image source: Getty Images.
1. The data for VK2809 was really that goodVK2809 reduced LDL cholesterol (the bad kind of cholesterol) by 20% or more compared to placebo. But the really impressive news was the drug's impact in reducing liver fat.
Top Biotech Stocks For 2019: ThyssenKrupp AG (TYEKF)
Advisors' Opinion:- [By ]
United Technologies' Otis division manufactures and services elevators, escalators, and other people moving devices. The business is reasonably attractive since there is a fair degree of concentration. Four major companies, Kone Oyj (OTCPK:KNYJF) (OTCPK:KNYJY), ThyssenKrupp (OTCPK:TYEKF) (OTCPK:TKAMY), Schindler (OTCPK:SHLAF) (OTC:SHNDY), and Otis, account for over 50% market share. The main long-term drivers of the industry are urbanization. As you might guess, elevator demand is strongest in dense urban environments where almost every building is multi-story.
Top Biotech Stocks For 2019: Interpublic Group of Companies, Inc. (IPG)
Advisors' Opinion:- [By Ethan Ryder]
Get a free copy of the Zacks research report on Interpublic Group of Companies (IPG)
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- [By Joseph Griffin]
ARGI Investment Services LLC grew its position in Interpublic Group of Companies (NYSE:IPG) by 85.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,494 shares of the business services provider’s stock after purchasing an additional 44,331 shares during the period. ARGI Investment Services LLC’s holdings in Interpublic Group of Companies were worth $2,222,000 at the end of the most recent reporting period.
- [By Logan Wallace]
Teacher Retirement System of Texas cut its stake in Interpublic Group of Companies (NYSE:IPG) by 1.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 334,571 shares of the business services provider’s stock after selling 4,261 shares during the period. Teacher Retirement System of Texas owned about 0.09% of Interpublic Group of Companies worth $7,705,000 as of its most recent SEC filing.
Top Biotech Stocks For 2019: Suzuki Motor Corporation (SZKMY)
Advisors' Opinion:- [By ]
Suzuki Motor Corp. [TYO: 7269] (OTCPK:SZKMY) (OTCPK:SZKMF)
On September 7 The Times of India reported: "Suzuki to start testing electric vehicle prototypes in India. Suzuki would launch EVs in India around 2020 in cooperation."
- [By Logan Wallace]
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