| Arena Pharmaceuticals [NASDAQ:ARNA] shares on the move |
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| Biotechnology Companies | |||
| Written by Hugh McManus | |||
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Arena Pharmaceuticals May 6, 2010 The stock has been nose-diving since 90 minutes after the opening. It opened at $3.22, hit a high of $3.24 and is now (1451 ET) at $2.90. Interestingly, the $4 July call has bounced back from its low. Jack Lief and other executives from ARNA will host a webcast tomorrow morning. It's now 1453 ET and shares of ARNA have bounced back, sharply, from a low of $2.90; the company is now trading at $3.07: it looks like $3 May calls won't execute! Just to be clear: I own ARNA so have a personal, vested interest in this company. It should also be noted that today was the day of that strange 1,000 dive in the DOW.
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