U.S. Markets closed

Today's Research Reports on Trending Tickers: Arena Pharmaceuticals and Sarepta Therapeutics

NEW YORK, NY / ACCESSWIRE / December 6, 2018 / U.S. markets fell in Tuesday amidst trade related uncertainty between the U.S. and China. The Dow Jones Industrial Average fell 3.10 percent to close at 25,027.07, while the S&P 500 Index decreased 3.24 percent to close at 2,700.06. The Nasdaq Composite Index dropped 3.8 percent to close at 7,158.43.

B. Riley FBR's chief market strategist, Art Hogan said, "Unfortunately until we get new news the market continues to be a caldron of concerns causing caution with investors."

"With the combination of he said Xi said on China trade, a fear of an economic slowdown in 2019, and the slow trickle of Mueller investigation reports coming out, it is not at all surprising to see a buyer's strike in the after hours market," he said.

The Market Edge Initiates Coverage on:

Arena Pharmaceuticals, Inc.
https://marketedgereport.com/report/ARNA/

Sarepta Therapeutics, Inc.
https://marketedgereport.com/report/SRPT/

Arena Pharmaceuticals’ stock moved 5.93% lower Tuesday, to close the day at $39.94. The stock recorded a trading volume of 601,977 shares, which was below its three months average volume of 642,106 shares. In the last year, Arena Pharmaceuticals’ shares have traded in a range of 29.52 - 50.05. The share price has gained 35.3% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $38.46 is below its 200-day moving average of $41.37. Shares of Arena Pharmaceuticals have gained roughly 6.17 percent in the past month and are up 17.57 percent year-to-date.

Access The Market Edge's Arena Pharmaceuticals, Inc. Research Report:
https://marketedgereport.com/report/ARNA/

On Tuesday, shares of Sarepta Therapeutics recorded a trading volume of 669,714 shares, which was below the three months average volume of 1,137,967 shares. The stock ended the day 6.25% lower at $122.78. The share price has fallen 30.44% from its 52 week high with a 52 week trading range of 50.68 - 176.50. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $127.99 is below its 200-day moving average of $128.59. Shares of Sarepta Therapeutics have fallen roughly 12.00 percent in the past month and are up 120.67 percent year-to-date.

Access The Market Edge's Sarepta Therapeutics, Inc. Research Report:
https://marketedgereport.com/report/SRPT/

Our Actionable Research on Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) and Sarepta Therapeutics, Inc. (NASDAQ:SRPT) can be downloaded free of charge at The Market Edge.

The Market Edge

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

The Market Edge has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of MarketEdgeReport.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. MarketEdgeReport.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.marketedgereport.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

The Market Edge, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@marketedgereport.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: MarketEdgeReport