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Arena Pharmaceuticals (ARNA) Worth a Look: Stock Surges 10.6%
November 12, 2013

ARNA HSKA ALIOF AMAG

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Arena Pharmaceuticals (ARNA - Snapshot Report) was a big mover last session, as the company saw its shares jump nearly 11% on the day. This surge can be attributable to solid volume with far more shares changing hands than in a normal session. This broke the recent trend of the company, as the stock is now trading above the volatile price range of $4.08 to $4.75 in the past one-month time frame.

In the last 30 days, the company did not witness any estimate revisions and the Zacks Consensus Estimate has hit a plateau. However, the recent price action is encouraging, so make sure to keep a close watch on this firm in the near future.

Arena Pharmaceuticals currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better performing biopharmaceutical stocks include Heska Corporation (HSKA - Snapshot Report), Actelion Ltd. (ALIOF) and AMAG Pharmaceuticals, Inc. (AMAG - Snapshot Report). All these stocks hold a Zacks Rank #1 (Strong Buy).
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