Early Morning Insight: Arena Pharmaceuticals, Geron, Celgene, Incyte, and
LONDON, June 25, 2013
LONDON, June 25, 2013 /PRNewswire/ --
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On Monday, June 24, 2013, shares in biotechnology companies ended on a mixed
note even as the broader market fell sharply amid concerns over the Federal
Reserve's bond buying program and a possible liquidity crisis in China. The
major movers in the biotechnology sector on Monday included Arena
Pharmaceuticals Inc. (NASDAQ: ARNA), Geron Corporation (NASDAQ: GERN), Celgene
Corporation (NASDAQ: CELG), Incyte Corporation (NASDAQ: INCY), and Spectrum
Pharmaceuticals Inc. (NASDAQ: SPPI). All these companies are tracked by
AAAResearchReports.com. Download free technical analysis and charting reports
on ARNA, GERN, CELG, INCY, and SPPI now at
Shares in Arena Pharmaceuticals Inc. moved higher on Monday even as the
broader market took a plunge. The company's shares traded between $7.82 and
$8.29 before finishing the day 1.12% higher at $8.14. A total of 6.30 million
shares were traded which is above the daily average volume of 5.75 million.
Arena's shares have gained 6.96% in the last three trading sessions. Download
free research on ARNA today by registering at:
Geron Corporation's stock rose on Monday, extending its gains from previous
trading sessions. The company's shares hit an intraday high of $1.23 before
finishing the day 0.83% higher at $1.22. A total of 1.09 million shares were
traded which is above the daily average volume of 918,096. Geron's shares have
jumped 2.52% in the last three trading sessions. In the previous three months,
the stock has risen 10.91%, thus outperforming the S&P 500. Sign up and have
access to our free report on GERN at:
Shares in Celgene Corporation slipped on Monday, extending their losses from
previous trading sessions. The company's shares ended the day 0.78% lower at
$113.00 after trading between $110.53 and $114.84. A total of 3.33 million
shares were traded which is slightly above the daily average volume of 3.21
million. Additionally, the stock is trading below its 50-day moving average of
$121.03. Sign up and read the complimentary report on CELG at:
Incyte Corporation's stock rose sharply on Monday, reversing some of its
recent losses. The company's shares traded between $18.23 and $19.60 before
ending the day 1.47% higher at $19.35. A total of 1.29 million shares were
traded which is slightly above the daily average volume of 1.28 million.
Incyte's shares have fallen 4.96% in the last three trading sessions. The free
report on INCY can be downloaded by signing up now at:
Shares in Spectrum Pharmaceuticals Inc. slipped on Monday, tracking losses in
the broader market. The company's shares closed the day at $7.90, down 1.37%,
after hitting an intraday low of $7.20. A total of 2.03 million shares were
traded which is more than double the daily average volume of 968,498. However,
despite the recent losses, the stock is still up 11.88% in the last three
months. Free report on SPPI can be accessed by registering at
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