Several stocks are on the move for day trader and active trader alerts ahead of the three-day weekend. Today’s big movers are Arena Pharmaceuticals, Inc. (NASDAQ: ARNA), BHP Billiton Ltd. (NYSE: BHP), BP plc (NYSE: BP), Dendreon Corp. (NASDAQ: DNDN), Hi-Tech Pharmacal Co. (NASDAQ: HITK), Lincare Holdings Inc. (NASDAQ: LNCR), and Sequenom Inc. (NASDAQ: SQNM). We have provided the news or reason behind the move, as well as background data and added color on each where applicable.
Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) is trading up for a second day after its Esai partnership, this morning on an analyst upgrade. Shares are up over 3% at $3.67.
BHP Billiton Ltd. (NYSE: BHP) is bouncing a bit now that Australian authorities have come to their senses over a 40% profits tax from mining. ADRs are up almost 2% and north of $63.50, while the 52-week range is $49.07 to $83.20.
BP plc (NYSE: BP) is indicated higher on word that its relief well drilling efforts are ahead of schedule at the Gulf of Mexico site. The company did have interruptions on clean-up efforts due to waves and rain associated with Hurricane Alex. In analyst calls, the stock was maintained as “Buy” but its price target was cut to $41 at Benchmark. Shares are up over 1.5% at $29.85 this morning.
Dendreon Corp. (NASDAQ: DNDN) are still trying to bounce after yesterday’s fall on Medicare’s review. The company has said it will so far have little impact. Shares are up almost 1% at $30.40.
Hi-Tech Pharmacal Co. (NASDAQ: HITK) is lower after suspending sales of some products after and FDA warning letter on marketing. Shares are down 6% at $21.07, better than prior indications.
Lincare Holdings Inc. (NASDAQ: LNCR) is trading lower on large risks to competitive biding as Medicare looks to cut costs. Shares are down 13% at $27.45 in active trading.
Sequenom Inc. (NASDAQ: SQNM) showed up as a top gainer this morning before the open, but the move may have been above-market prints. We show only 10.980 share traded, and the gain was 4.9% at $5.77 versus a $5.50 close. The current market is not indicated as high, so these may just be above-market prints or could be carryover trades from yesterday that are just being reported this morning.
JON C. OGG
Are You Ahead, or Behind on Retirement? (sponsor)
If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention. Many people have worked their whole lives preparing to retire without ever knowing the answer to the most important question: are you ahead, or behind on your retirement goals?
Don’t make the same mistake. It’s an easy question to answer. A quick conversation with a financial advisor can help you unpack your savings, spending, and goals for your money. With SmartAsset’s free tool, you can connect with vetted financial advisors in minutes.
Why wait? Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.