Arena Pharmaceuticals, Inc. (ARNA) grew with the stock adding 1.36% or $0.02 to close at $1.49 on light trading volume of 1.27M compared its three months average trading volume of 1.74M. The San Diego California 92121 based company operating under the Biotechnology industry has been trending up for the last 52 weeks, with the shares price now 0.68% up for the period and up by 4.93% so far this year. With price target of $4.5 and a 11.04% rebound from 52-week low, Arena Pharmaceuticals, Inc. has plenty of upside potential, making it a hold with a view buy.
Arena Pharmaceuticals, Inc., a biopharmaceutical company, discovers, develops, and commercializes novel drugs that target G protein-coupled receptors to address unmet medical needs in the United States and South Korea. The company offers BELVIQ, a drug used to treat chronic weight management in adults. It is also developing a portfolio of programs in various therapeutic areas, including cardiovascular, central nervous system, and metabolic diseases. Its products under development include APD334, a modulator of the sphingosine 1-phosphate subtype 1 receptor for the treatment of a various autoimmune diseases, which is in Phase II clinical trials; and Ralinepag that is in Phase II clinical trials for the treatment of pulmonary arterial hypertension. The company’s products under development also comprise APD371, an agonist of the cannabinoid-2 receptor that is in Phase I clinical trials for the treatment of pain; Nelotanserin, which is in Phase II clinical trials for the treatment of dementia-associated psychosis; Temanogrel, which is in Phase I clinical trials for thrombotic diseases; and Undisclosed Orphan GPCR that is in pre-clinical development for central nervous system indications. In addition, it manufactures drug products under a toll manufacturing agreement for Siegfried AG. Arena Pharmaceuticals, Inc. has collaboration with Boehringer Ingelheim International GmbH. The company was founded in 1997 and is based in San Diego, California.
Inphi Corporation (IPHI) had a light trading with around 1.27M shares changing hands compared to its three month average trading volume of 772.57K. The stock traded between $48.09 and $49.27 before closing at the price of $48.71 with -0.47% change on the day. The Santa Clara California 95054 based company is currently trading 120.71% above its 52 week low of $22.56 and -5.01% below its 52 week high of $51.28. Both the RSI indicator and target price of and $49.67 respectively, lead us to believe that it could rise over the coming weeks.
Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. The company’s analog and mixed signal semiconductor solutions offers high signal integrity at data speeds while reducing system power consumption. Its semiconductor solutions are designed to address bandwidth bottlenecks in networks, maximize throughput and minimize latency in computing environments, and enable the rollout of next generation communications, datacenter, and computing infrastructures. Its solutions provide a high-speed interface between analog signals and digital information in high-performance systems, such as telecommunications transport systems, enterprise networking equipment, datacenters and enterprise servers, storage platforms, test and measurement equipment, and military systems. The company also provides 10G/40G, 100G, and beyond 100G high-speed analog semiconductor solutions for the communications market and high-speed memory interface solutions for the computing market. Its products perform a range of functions, such as amplifying, encoding, multiplexing, demultiplexing, retiming, and buffering data and clock signals at speeds up to 100 Gbps. Inphi Corporation sells its products directly through its sales force, as well as through a network of sales representatives and distributors to original equipment manufacturers. The company was formerly known as TCom Communications, Inc. and changed its name to Inphi Corporation in February 2001. Inphi Corporation was incorporated in 2000 and is headquartered in Santa Clara, California.
Iron Mountain Incorporated (IRM) saw its value increase by 0.62% as the stock gained $0.23 to finish the day at a closing price of $37.03. The stock was lighter in trading and has fluctuated between $26.73-$41.5 per share for the past year. The shares, which traded within a range of $36.67 to $37.18 during the day, are up by 11.71% in the past three months and up by 3.82% over the past six months. It is currently trading 4.99% above its 20 day moving average and 9.38% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $40.8 a share over the next twelve months. The current relative strength index (RSI) reading is 74.65.The technical indicator do not lead us to believe the stock will see more gains any time soon.
Iron Mountain Incorporated, together with its subsidiaries, provides storage and information management services in North America, Europe, Latin America, and the Asia Pacific. It operates through North American Records and Information Management Business, North American Data Management Business, Western European Business, and Other International Business segments. The company provides storage and information management services for physical records and other media, such as microfilm and microfiche, master audio and videotapes, film, X-rays, and blueprints, including healthcare information services, vital records services, and service and courier operations, as well as the collection, handling, disposal of sensitive documents for corporate customers. It also offers information destruction services primarily consist of physical secure shredding operations; document management solutions to develop, implement, and support storage and information management solutions for the complete lifecycle of its customers’ information; fulfillment services; technology escrow services that protect and manage source code; and professional consulting services, as well as sells resultant waste paper to third-party recyclers. In addition, the company is involved in the storage and rotation of backup computer media operations, including records management, data protection and recovery, server and computer backup services, and digital content repository systems to house, distribute, and archive key media assets, as well as for storage, safeguarding, and electronic or physical delivery of physical media primarily for the entertainment and media industry clients. It serves commercial, legal, banking, healthcare, accounting, insurance, entertainment, and government organizations. Iron Mountain Incorporated was founded in 1951 and is headquartered in Boston, Massachusetts.