Seeking Alpha

Arena, Inovio rally after positive mention

Shares of Arena Pharmaceuticals (ARNA +5.7%)  are notably higher in morning trading.

Perhaps helping the cause is SA contributor EnhydrisPECorp, who thinks "the tide is starting to turn" for the company and says the Street's generally bearish take on the shares may be the result of analysts "drinking too much egg nog."

Also mentioned in the article (and also sharply higher) are shares of Inovio Pharmaceuticals (INO +13.4%) which the author says may "double from current levels." The piece cites insider and institutional buying.

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Comments (3)
  • Hoang6
    , contributor
    Comments (357) | Send Message
    A gain of 13.4% is credited to some guy who said the stock might double from current levels is laughable. Don't people say it all the time here on SA? Why it goes up today, but not before?
    26 Dec 2013, 12:13 PM Reply Like
  • dserradas
    , contributor
    Comments (53) | Send Message
    ARNA is a solid biotech option for 2014, but TNXP is a better place to invest until ARNA gets some traction.
    26 Dec 2013, 06:08 PM Reply Like
  • centurycom
    , contributor
    Comments (66) | Send Message
    How do Arena shorts sleep at night knowing they have a big pop in S/P of which to look forward ?
    27 Dec 2013, 08:04 AM Reply Like
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