Today's Research Reports on Trending Tickers: Arena Pharmaceuticals Inc. and GW Pharmaceuticals
NEW YORK, NY / ACCESSWIRE / July 11, 2017 / A rally by technology stocks helped lift U.S. markets Monday. While the S&P 500 Index's Technology sector has fallen approximately 3 percent from its high set on June 8th, the sector is still leading the way for the S&P 500 Index with a gain of approximately 18 percent year-to-date. The Dow Jones Industrial Average declined 0.03 percent to close at 21,408.52, while the S&P 500 Index gained 0.09 percent to close at 2,427.43. The tech-heavy NASDAQ Composite Index gained 0.38 percent to close at 6,176.39, up roughly 14.74 percent year-to-date.
"All of the conversations right now are about earnings," said Mike Antonelli, equity sales trader at Robert W Baird & Co. "The health-care bill and the tax bill all of that has been put on the back burner as the market moves on to the next catalyst, and what matters right now is earnings," added Antonelli.
RDI Initiates Coverage on:
Arena Pharmaceuticals Inc.
https://ub.rdinvesting.com/news/?ticker=ARNA
GW Pharmaceuticals
https://ub.rdinvesting.com/news/?ticker=GWPH
Arena Pharmaceuticals Inc.'s stock moved 4.47% lower Monday, to close the day at $18.39. The stock recorded a trading volume of 2,533,743 shares, which was above its three months average volume of 345,650 shares. In the last year, Arena Pharmaceuticals Inc.'s shares have traded in a range of 11.30 - 19.90. The share price has gained 62.74% from its 52 week low. The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $13.76 is below its 200-day moving average of $14.27. Shares of Arena Pharmaceuticals have gained approximately 29.51 percent year-to-date.
Access RDI's Arena Pharmaceuticals Research Report at:
https://ub.rdinvesting.com/news/?ticker=ARNA
On Monday, shares in GW Pharmaceuticals recorded a trading volume of 325,114 shares, which was above the three months average volume of 262,073 shares. The stock ended the day 1.94% lower at 100.10. The share price has gained 25.73% from its 52 week low with a 52 week trading range of 79.62 - 137.88.The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $101.55 is below its 200-day moving average of $115.09. Shares of GW Pharmaceuticals have fallen approximately 10.43 percent year-to-date.
Access RDI's GW Pharmaceuticals Research Report at:
https://ub.rdinvesting.com/news/?ticker=GWPH
Our Actionable Research on Arena Pharmaceuticals Inc. (NASDAQ: ARNA) and GW Pharmaceuticals (NASDAQ: GWPH) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com