Vik stock price market watchers highlight that VIK

Market watchers highlight that VIK stock price correlates closely with broader industrial indices, and current macroeconomic data favors moderate upward movement in Q Short sellers continue to be bearish about Viking Holdings Ltd (NYSE:VIK) after its 2Q 2024 results. The company’s net income saw a fall to $155.8 million, or 37 cents a share, from $189.93 million, or 46 cents a share, in the same quarter of the previous year. FactSet estimated earnings of 67 cents a share. Viking Holdings Ltd (NYSE:VIK)’s revenue increased by 9% to $1.59 billion from $1.45 billion in the year-ago quarter, marginally missing the analyst estimates of ~$1.6 billion. Also, short sellers opine that the company’s short-term obligations continue to exceed its liquid assets, which might impact its balance sheet health moving forward. Viking Holdings Ltd, which went public in May 2024, is headquartered in Pembroke, Bermuda. The initial public offering of Viking Holdings was a successful one, raising $1.54 billion at around $24 per share. The new investment into the company was $245.5 million, accounting for 16% of the total funds raised. The company focuses on passenger shipping and other forms of passenger transport in North America, the United Kingdom and internationally. Viking targets English-speaking travelers aged above 55 years. The company's cruises do not allow guests under 18 years old. With trading volumes spiking 15% above average, VIK stock price momentum favors bullish setups, especially ahead of its quarterly statement release.