Arena Pharma (ARNA) Continues Chugging After Brief Pause

June 15, 2012 9:42 AM EDT
Arena Pharmaceuticals (Nasdaq: ARNA) is moving higher again on the session after closing flat Thursday. Shares looked like they were going to close lower yesterday for the first time in a while, but positive sentiment throughout the session took over.

Option volatility on the shares is up 2.3 points from yesterday's close and is still about 82 percent of its trailing annual average.

Shares are 1.7 percent higher on the session, already down from the highs of the day.

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