Arena Pharmaceuticals Shares Close Up 4%

Correction: The original version of this story incorrectly stated that shares of Arena Pharmaceuticals closed the day lower.

Shares of Arena Pharmaceuticals -- 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 -- closed up nearly 4% on Tuesday.

Arena Pharmaceuticals has a market cap of $1.89 billion and is part of the health care sector. Shares are up 365.2% year to date as of the close of trading on Thursday. 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 sell. The area that we feel has been the company's primary weakness has been its meager revenue growth.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the drugs industry could consider SPDR S&P Pharmaceuticals ETF ( XPH) while those bearish on the drugs industry could consider ProShares UltraShort Nasdaq Biotech ( BIS).

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