Stocks in Spotlight: United Continental Holdings Inc, Arena Pharmaceuticals, Ashland Inc

Lakeway, TX -- (SBWIRE) -- 02/28/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

United Continental Holdings Inc (NYSE:UAL) shares gained 3.77% and closed at $26.96 in the last trading session. The company, last week, said it was taking Boeing Co's grounded 787 Dreamliner out of its flying plans through June 5, except for a Denver-to-Tokyo route scheduled for a tentative launch in May. The company’s decision to mostly exclude the 787 from its schedule until June comes as other airlines that have 787s are setting schedules for coming months while still uncertain about when the plane will be able to resume service.

How Should Investors Trade UAL After The Recent Movement? Find Out Here

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) shares climbed 3.73% and closed at $8.35. Thestreet reiterated their sell rating on shares of Arena in a research note issued to investors on Jan. 28. Arena’s stock has been reiterated by TheStreet Ratings as a sell with a ratings score of D- . The area that the analysts feel has been the company’s primary weakness has been its meager revenue growth.

Additionally, the company announced that the company is scheduled to present a corporate overview at the Cowen and Company 33rd Annual Health Care Conference on Wednesday, March 6, 2013, at 10:00 a.m. Eastern Time (7:00 a.m. Pacific Time), at The Boston Marriott Copley Place in Boston, Massachusetts.

Is ARNA Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here

Ashland Inc. (NYSE:ASH) shares climbed 3.68% and closed at $78.38. The company, on Feb. 26, announced that it has closed its previously announced offering of $600 million aggregate principal amount of 3.000% senior notes due 2016, $700 million aggregate principal amount of 3.875% senior notes due 2018, $650 million aggregate principal amount of 4.750% senior notes due 2022 and $350 million aggregate principal amount of 6.875% senior notes due 2043 (collectively, the Notes). The Notes are unsecured, unsubordinated obligations of Ashland.

Is ASH a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here

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