Orlando, FL -- (SBWIRE) -- 10/03/2013 -- 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 MannKind Corporation (NASDAQ:MNKD), Arena Pharmaceuticals, Inc. (NASDAQ:ARNA).
MannKind Corporation (NASDAQ:MNKD) shares gained 1.39% to $5.75. BofA/Merrill downgraded MannKind to Underperform from Neutral on Sept. 6. The firm's physician survey indicates indicates an increased cautious stance following Afrezza Ph. III results for use in Type 2 diabetes patients on oral therapies. The firm lowered its peak share estimate to 2% of the oral market vs. 4% previously. Price target lowered to $5 from $8.
Are investors worried about the recent updates with MNKD? Find out with a free trend analysis HERE
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) stock dropped 2.15% to $5. ARNA’s stocks price target lowered to $4 from $5 at Credit Suisse on Sept. 30.
Additionally, the company announced that the company was scheduled to present a corporate overview, including a BELVIQ(®) (lorcaserin HCl) CIV launch update, at the NewsMakers in the Biotech Industry conference on Friday, September 27, 2013, at 11:30 a.m. Eastern Time (8:30 a.m. Pacific Time), at the Millennium Broadway Hotel in New York City.
Is ARNA going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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