It’s almost shocking to witness Arena Pharmaceuticals (Nasdaq: ARNA ) posting a 15% decline, considering that the stock seemingly does nothing but go up. Shares are a five-bagger in 2012, including a whopping 62% increase in the last month alone. With a massive binary event looming large on June 27th -- the potential approval of obesity drug lorcaserin -- today’s sell-off is likely nothing more than sensible profit taking ahead of the we
Motly are giving Crock ..... it was not profit taking but stealing and scooping small investor position. Straight Forward theft and SEC must look into the Hedge fund and their affiliates and subsidiaries who created artificial sell off. Also not forgetting media writers, specially backoman.