Arena (ARNA) Snubs Downgrade, Now Higher on the Session
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Arena Pharmaceuticals (Nasdaq: ARNA) shares are moving higher as sentiment returns to the pharma ahead of its PDUFA for lorcaserin.
After starting a couple of percentage points lower Monday on a downgrade at BMO Capital, shares are now about 1.5 percent higher.
Volatility is modest, up from 1 percent to 3 percent from last Friday's close and about at par with its trailing historical measure. Volume is solid on the move as well, with about 8 million shares traded early.
After starting a couple of percentage points lower Monday on a downgrade at BMO Capital, shares are now about 1.5 percent higher.
Volatility is modest, up from 1 percent to 3 percent from last Friday's close and about at par with its trailing historical measure. Volume is solid on the move as well, with about 8 million shares traded early.
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