Arena Stock Falls On Unusually High Volume (ARNA)

NEW YORK ( TheStreet) -- Arena Pharmaceuticals (Nasdaq: ARNA) is trading at unusually high volume Tuesday with 9.5 million shares changing hands. It is currently at 4.2 times its average daily volume and trading down 17 cents (-5.5%) at $2.95 as of 12:10 p.m. ET.

Arena has a market cap of $232.2 million and is part of the health care sector and drugs industry. Shares are up 66.8% year to date as of the close of trading on Monday.

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 sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and generally weak debt management. You can view the full Arena Ratings Report.

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