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Strength Seen in Arena Pharmaceuticals (ARNA): Stock Up 5.4%

Zacks Equity Research
Updated

Arena Pharmaceuticals, Inc. ARNA was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $12.60 to $15.75 in the past one-month time frame.

The company has seen one positive estimate revision in the last 30 days and the Zacks Consensus Estimate also moved higher suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road

Currently, Arena Pharmaceuticals carries a Zacks Rank #3 (Hold).

Arena Pharmaceuticals, Inc. Price

 

Arena Pharmaceuticals, Inc. Price | Arena Pharmaceuticals, Inc. Quote

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A better-ranked stock in the same industry is Regeneron Pharmaceuticals, Inc. REGN , boasting a Zacks Rank #1(Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is ARNA going up? Or down? Predict to see what others think: Up or Down

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