|Day Low/High||24.66 / 25.32|
|52 Wk Low/High||1.30 / 4.17|
Former hedge funder and biotech CEO Martin Shkreli finds himself in limbo as a criminal jury now decides if allegations of fraud will put him in orange coveralls.
The company just beat a bench mark, previously set by Johnson & Johnson.
Jim Cramer is bullish on Xilinx, Arena Pharmaceuticals, Magellan Midstream, Altria and Bank of Montreal.
Cramer says it's the sign of a good market: Investors are finding value in the stocks that were left behind.
Big gains could be ahead for investors willing to stick with the stock, according to one firm.
- Primary efficacy analysis successful - significant improvement in pulmonary vascular resistance
Alexion, Arena and Novavax were among the biotech stock movers ahead of the market open on Friday, July 7.
Citi initiated Arena with a 'buy' rating.
Investors considering a purchase of Arena Pharmaceuticals Inc shares, but tentative about paying the going market price of $1.35/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $1 strike, which has a bid at the time of this writing of 27 cents.
- Lewis Rubin, M.D. and Vallerie McLaughlin, M.D. to Present
Pacific Biosciences of California, Alexion Pharmaceuticals and Arena Pharmaceuticals were among the biotech stock movers in premarket trading on Thursday.
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