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. Arena Pharmaceuticals ( ARNA) pushed the Drugs industry lower today making it today's featured Drugs laggard. The industry as a whole closed the day up 0.8%. By the end of trading, Arena Pharmaceuticals fell 15 cents (-1.8%) to $8.19 on average volume. Throughout the day, 9.5 million shares of Arena Pharmaceuticals exchanged hands as compared to its average daily volume of 8.1 million shares. The stock ranged in price between $7.86-$8.25 after having opened the day at $8.20 as compared to the previous trading day's close of $8.34. Other companies within the Drugs industry that declined today were: Repros Therapeutics ( RPRX), down 13.9%, DepoMed ( DEPO), down 9.8%, Dynavax Technologies Corporation ( DVAX), down 7.1%, and Cardiome Pharma Corporation ( CRME), down 6.8%.
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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 $1.82 billion and is part of the health care sector. Shares are down 7% year to date as of the close of trading on Friday. Currently there are three analysts that rate Arena Pharmaceuticals a buy, one analyst rates it a sell, and six 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.