PREMARKET ALERT: Arena Pharmaceuticals (ARNA)

Posted in General 
July 8th, 2009

Arena Pharmaceuticals (ARNA) shares fell 8 percent after hours on Tuesday, and are ones to watch for a volume spike early Wednesday. The company was supposed to have eased all cash concerns in June after it reached a $100 million funding agreement, but that hasn’t stopped the company from raising an additional $50 million, as announced late Monday.

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