Stamford, CT -- (SBWIRE) -- 08/16/2013 -- High Rising Stocks provides investors with the hot penny stock alerts on a regular basis. We will send you alerts through our Free E Newsletters with High Yielding alerts, market forecasting, stock tips and strategies, and offer you the tools to help you along the way with the goal of keeping you loyal to our service. Today’s stocks to watch are: Merrimack Pharmaceuticals Inc. (NASDAQ:MACK), Hovnanian Enterprises, Inc. (NYSE:HOV), Arena Pharmaceuticals, Inc. (NASDAQ:ARNA), Northstar Realty Finance Corp. (NYSE:NRF)
Merrimack Pharmaceuticals Inc. (NASDAQ:MACK) moved down 4.25% to $3.38 on a traded volume of 1.23 million shares. The Company announced that the U.S. Food and Drug Administration's Office of Orphan Products Development has granted two separate orphan drug designations for its bispecific antibody, MM-111, for the treatment of esophageal cancer and for the treatment of gastric as well as gastroesophageal junction cancers.
Should Investors Buy MACK After Yesterday’s Slump? Find Out Here
Hovnanian Enterprises, Inc. (NYSE:HOV) escalated 2.44% to $5.45 on a traded volume of 1.10 million shares. UBS upgraded the rating on Hovnanian to buy from neutral. The price target remains at $7. Hovnanian Enterprises, Inc. designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, mid-rise condominiums, urban infill and active adult homes in planned residential developments.
How Should Investors Trade HOV After The Recent Volatility? Get Free Report Here
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) decreased 2.26% to $6.93 on a traded volume of 1.03 million shares. The median Wall Street price target on the stock is $8.0 and the high target is set at $12.00 with majority of analysts have a hold rating on the company’s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $7.16 and $7.96 respectively.
Is ARNA A Good Buy After The Recent Price Movement? Find Out Here
Northstar Realty Finance Corp. (NYSE:NRF) went up 0.22% to $8.97 on a traded volume of 561k shares. The Company announced that NorthStar Real Estate Income Trust, Inc., its first sponsored non-traded REIT, successfully priced $531.5 million non-recourse, floating-rate CMBS transaction at a weighted average coupon of LIBOR + 2.68%. The CMBS transaction will initially be collateralized by $425.2 million of commercial real estate loans with the flexibility to contribute up to $106.3 million of additional commercial real estate loans within six months of closing.
Should Investors Rush To Buy NRF After The Solid Rally? Get Special Report Here
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