Arena Stock Falls On Unusually High Volume (ARNA)
NEW YORK (
) --
(Nasdaq:
) is trading at unusually high volume Thursday with 31 million shares changing hands. It is currently at 13.5 times its average daily volume and trading down 4 cents (-2.2%) at $1.77 as of 3:55 p.m. ET.
Arena has a market cap of $232.2 million and is part of the
sector and
industry. Shares are down 3.2% year to date as of the close of trading on Wednesday.
Arena Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, engages in discovering, developing, and commercializing oral drugs in the therapeutic areas of cardiovascular, central nervous system, inflammatory, and metabolic diseases.
TheStreet Ratings rates Arena as a
. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow and generally weak debt management. You can view the full
.
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