$VTVT Has Some Surprise News

VTv Therapeutics (VTVT) had a very bullish day today. The stock apparently moved higher due to the news that MacAndrews & Forbes Group will purchase 815K shares of the company’s stock at $1.84 per share. VTVT was up nearly 160% at the time this content was created and traded as high as $3.50 after opening below $1.50 today. I strongly suspect that this bullish momentum is not likely to continue since the news is not strong enough to justify continued upward momentum. However, given that well over 35 million shares traded today, I suspect that some other news might be forthcoming, so we will keep an eye on VTVT for the near-term. Here’s a recap.