vTv Therapeutics Inc (VTVT) Stock: Here’s Why It’s Soaring

vTv Therapeutics Inc VTVT Stock NewsvTv Therapeutics Inc (NASDAQ: VTVT) is having an incredibly strong start to the trading session this morning. However, if you go digging for a press release, chances are that you’re not going to find one. Nonetheless, it seems as though the reason for the gains has to do with a massive investment that was just made in the company. Today, we’ll talk about:

  • The investment;
  • what we’re seeing from VTVT as a result; and
  • what we’ll be watching for ahead.

VTVT Gains Big On Large Investment

As mentioned above, vTv Therapeutics is having an overwhelmingly strong start to the trading session this morning. However, the company hasn’t released any news. So, what’s the deal? It all has to do with an SEC filing.

In a recent SEC filing VTVT disclosed that a top investor has made a large investment in the company. According to the filing MacAndrews & Forbes Group, a group controlled by Ronald Perelman, just purchase 1,879,699 Class A common shares. The purchase was the result of an agreement entered into on July 30, 2018, under which the investor would purchase the shares at a price of $1.33 each. As a result of the transaction. MacAndrews & Forbes Group now owns 36 million shares of VTVT.

What We’re Seeing From The StockĀ 

One of the first lessons that we learn when we start to dig into the market is that the news leads to moves. In the case of vTv Therapeutics, the news proved to be overwhelmingly positive. After all, when institutional investors make investments this large, the investment becomes a clear bode of confidence and tends to lead to other investors jumping in. So, it’s no surprise that market excitement is leading to monumental gains in the value of the stock today. At the moment (10:11), VTVT is trading at $5.70 per share after a gain of $3.70 per share or 185.00% thus far today.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on VTVT. In particular, we’re interested in following the comapny’s continued work surrounding its impressive pipeline. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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