Why are instituations loading up in ARNA? What do they know?
Arena has seen hedge funds acquire roughly 29 million shares during the most recent quarter. The largest holder of Arena shares is Wellington Capital. Since the company has roughly 215 million outstanding shares, institutions acquired roughly 13% of the company's float. This is a pretty strong indicator that the company may have a promising 2013.
You are talking about Q3, correct ? Q4 numbers are not out yet as far as I can tell. Do you know when they will be out ... should be soon ! Avafin block trade and trade flow numbers seem to be contradictory and I don't know really what they might be indicating. Any insight ?