NEW YORK (AVAFIN) -- Block trades offer useful, insightful data used by both large and small investors to
determine if their stock trade will be profitable. By the end of today's trading
session, financial institutions exchanged 82 block trades. A total of
540,151 shares were bought and 695,220 shares were sold
forming a bought/sold ratio of 0.78 for Arena Pharmaceuticals.
A closer look at option trading reveals that a total of 14,505 call and 4,259 put contracts
were traded yielding a 0.29 put/call ratio.
ARNA is trading below the 50 day moving average and higher
than the 200 day moving average. Shares of Arena Pharmaceuticals closed at $8.45, up $0.35 (+4.32%)
in the last trading session. Today's volume of 10M shares is greater than the
average volume of 9M shares.
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