Jim Cramer has advised investors to sell shares of Viking Therapeutics (NASDAQ: VKTX), despite the stock experiencing a notable 49% increase over the past year. This comes after a staggering 42% dip in August, followed by a subsequent recovery of 41%. However, concerns remain regarding the company's financial outlook, with Cramer and others warning that its growth potential may not justify the current market volatility.
“'Mad Money' host Jim Cramer weighs in on stock including: ... Viking Therapeutics.”
“Its shares are up by 49% over the past year and are down by 2.4% year-to-date.”
“One major event occurred on August 19th when the stock dipped by an unbelievable 42%.”
“Since the dip in August, Viking Therapeutics Inc. (NASDAQ:VKTX)’s shares are up by 41%.”
“Number of Hedge Fund Holdings in Q3 2024: 41”
“Its shares are up by 49% over the past year.”
“Date/Month of Cramer’s Remarks: January 15th, 2025.”
“Viking Therapeutics Inc. (NASDAQ:VKTX)”
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“At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.”
“According to Musk, this technology could be worth $250 trillion by 2040.”
“Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.”
