Arena Pharmaceuticals Inc. (ARNA): Today's Featured Drugs Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
.
(
) pushed the Drugs industry lower today making it today's featured Drugs laggard. The industry as a whole closed the day up 1.4%. By the end of trading, Arena Pharmaceuticals fell 19 cents (-2%) to $9.06 on light volume. Throughout the day, 6.6 million shares of Arena Pharmaceuticals exchanged hands as compared to its average daily volume of 9.4 million shares. The stock ranged in price between $8.92-$9.30 after having opened the day at $9.29 as compared to the previous trading day's close of $9.25. Other companies within the Drugs industry that declined today were:
(
), down 32%,
(
), down 13.3%,
(
), down 10.9%, and
(
), down 10.3%.
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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. Arena Pharmaceuticals has a market cap of $2.02 billion and is part of the health care sector. Shares are up 394.7% year to date as of the close of trading on Wednesday. Currently there are two analysts that rate Arena Pharmaceuticals a buy, one analyst rates it a sell, and five rate it a hold.
TheStreet Ratings rates Arena Pharmaceuticals as a
. The area that we feel has been the company's primary weakness has been its meager revenue growth.
- You can view the full Arena Ratings Report.
On the positive front,
(
), up 37.3%,
(
), up 20%,
(
), up 18.6%, and
(
), up 15.4%, were all gainers within the drugs industry with
(
) being today's featured drugs industry leader.
- Use our drugs section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the drugs industry could consider
(
) while those bearish on the drugs industry could consider
ProShares UltraShort Nasdaq Biotech
(
).
- Find other investment ideas from our top rated ETFs lists.
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.
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