Arena Pharma (ARNA) Shares See Profit Taking Following Strong Session

September 16, 2016 11:49 AM EDT

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Arena Pharma (NASDAQ: ARNA) shares are down over 6 percent today with volume following a 13 percent gain on Thursday's trading session. Volume is already around double the trailing daily average.

Earlier this week, FBR started coverage on Arena with an Outperform rating and $6 price target. For more color, click here.

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