Today’s Price Action: vTv Therapeutics Inc Sets Yearly Low; Strong Momentum for Sellers

Today's Price Action: vTv Therapeutics Inc Sets Yearly Low; Strong Momentum for Sellers

The stock of vTv Therapeutics Inc (NASDAQ:VTVT) hit a new 52-week low and has $4.40 target or 10.00% below today’s $4.89 share price. The 8 months bearish chart indicates high risk for the $158.21 million company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $4.40 price target is reached, the company will be worth $15.82M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 27,427 shares traded hands. vTv Therapeutics Inc (NASDAQ:VTVT) has declined 3.33% since April 12, 2016 and is downtrending. It has underperformed by 8.32% the S&P500.

vTv Therapeutics Inc (NASDAQ:VTVT) Ratings Coverage

Out of 3 analysts covering vTv Therapeutics Inc (NASDAQ:VTVT), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. vTv Therapeutics Inc has been the topic of 3 analyst reports since August 24, 2015 according to StockzIntelligence Inc. Piper Jaffray initiated vTv Therapeutics Inc (NASDAQ:VTVT) on Monday, August 24 with “Overweight” rating. Canaccord Genuity initiated it with “Buy” rating and $15 target price in Friday, September 4 report. As per Monday, August 24, the company rating was initiated by Stifel Nicolaus.

According to Zacks Investment Research, “vTv Therapeutics Inc. is a biopharmaceutical company which is engaged in the discovery and development of orally administered small molecule drug candidates to fill unmet medical needs. Its drug candidate for the treatment of Alzheimers disease includes azeliragon TTP488, which is in Phase III clinical trials; type II diabetes drug candidates include Glucokinase Activator TTP399 and GLP-1r Agonist TTP273 which completed Phase I clinical trials; products for the prevention of muscle weakness and treatment of inflammatory disorders include HPP593, HPP737 and HPP971 which is in Phase1 clinical trials. The Company’s drug discovery platform consists of TTP Translational Technology. vTv Therapeutics Inc. is headquartered in High Point, North Carolina.”

More recent vTv Therapeutics Inc (NASDAQ:VTVT) news were published by: Businesswire.com which released: “vTv Therapeutics Inc. Announces Pricing of Initial Public Offering” on July 30, 2015. Also Businesswire.com published the news titled: “vTv Therapeutics Announces Larry Altstiel to Serve As Chief Medical Officer” on December 02, 2015. Businesswire.com‘s news article titled: “vTv Therapeutics Reports Third Quarter Financial and Operational Results and …” with publication date: November 02, 2016 was also an interesting one.

VTVT Company Profile

vTv Therapeutics Inc., incorporated on April 02, 2015, is a clinical-stage biopharmaceutical company. The Firm is engaged in the discovery and development of orally administered small molecule drug candidates. The Company’s drug candidate for the treatment of Alzheimer’s disease (AD), azeliragon (TTP488), is an orally administered, small molecule antagonist targeting the receptor for advanced glycation endproducts (RAGE), for which it has commenced patient enrollment in a Phase III clinical trial (the STEADFAST Study) under a Food and Drug Administration (FDA) agreed Special Protocol Assessment (SPA). The Company’s type II diabetes drug candidates include TTP399, an orally administered, liver-selective glucokinase activator (GKA), for which it has completed enrollment in its Phase IIb clinical trial (the AGATA Study), and TTP273, an orally administered, non-peptide agonist that targets the glucagon-like peptide-1 receptor (GLP-1r), for which it began enrollment in a Phase II clinical trial. It has over three additional programs in various stages of clinical development for the prevention of muscle weakness and the treatment of inflammatory disorders.

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