Orlando, FL -- (SBWIRE) -- 09/09/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Arena Pharmaceuticals, Inc. (NASDAQ:ARNA), Sirius XM Radio Inc(NASDAQ:SIRI).
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) stock dropped 1.69% to $6.39. The company on August 28 announced the completion of a Phase 1b clinical trial for APD811, an investigational oral prostacyclin (IP) receptor agonist intended for the treatment of pulmonary arterial hypertension (PAH). The company plans to initiate a Phase 2 clinical trial for APD811 in the first quarter of 2014.
Additionally, ARNA’s stock was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on August 5. The firm currently has a $7.40 price objective on the stock.
Moreover, the company on Aug. 1 said its second quarter revenues totaled $68.9 million, including $1.3 million in net product sales and $65.5 million in milestone payments. Net income allocable to common stockholders was $40.1 million, or $0.18 per share.
Are investors worried about the recent updates with ARNA? Find out with a free trend analysis HERE
Sirius XM Radio Inc(NASDAQ:SIRI) shares decreased 1.32% to $3.75. Sirius XM Radio, the Official Satellite Radio Partner of the NFL, on Sept. 5 said it will provide comprehensive coverage of the 2013 NFL season, offering fans nationwide live broadcasts of every game.
Additionally, the company on August 29 announced that it has added The Dan Patrick Show, hosted by popular sports commentator Dan Patrick, to the weekday lineup of shows on its all-sports talk channel, Mad Dog Sports Radio, SiriusXM channel 86.
Moreover, the company on August 28 announced that it has signed renowned sports talk personality Chris "Mad Dog" Russo to a new three-year contract that will keep his daily all-sports radio show exclusively on SiriusXM's Mad Dog Sports Radio channel. Russo's on-air role will be expanded to include a significant presence on the MLB Network Radio channel on SiriusXM.
Is SIRI going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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