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TheStreet Wire

Arena Stock Falls On Unusually High Volume (ARNA)

By TheStreet Wire 06/22/12 - 04:03 PM EDT

Find out if (ARNA) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Arena Pharmaceuticals (Nasdaq:ARNA) is trading at unusually high volume Friday with 78.3 million shares changing hands. It is currently at four times its average daily volume and trading down $1.98 (-16.9%) at $9.70 as of 3:40 p.m. ET.

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Arena has a market cap of $2.07 billion and is part of the health care sector and drugs industry. Shares are up 524.6% year to date as of the close of trading on Thursday.

Arena Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, engages in discovering, developing, and commercializing oral drugs that target G protein-coupled receptors in the therapeutic areas of cardiovascular, central nervous system, inflammatory, and metabolic diseases.

TheStreet Ratings rates Arena as a sell. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity. You can view the full Arena Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

For more information on Arena Pharmaceuticals Inc. click any of the following:

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