Stocks Stepping Onto Center Stage: Akcea Therapeutics, Inc. (AKCA), Arena Pharmaceuticals, Inc. (ARNA)

One of the trending stocks on Wednesday was Akcea Therapeutics, Inc. (NASDAQ:AKCA). The number of shares transacted for the day under observation was 0.26 million contracts. Over the past three months, the average daily trading volume came in at about 0.42 million shares per day. The regular trading started at $16.25 but as the trading evolved, the stock escalated, finishing the session with a gain of 7.31%. Its shares recently registered a price of $17.47 apiece.

Akcea Therapeutics, Inc. (AKCA): A 84.28% Rally In This Year — But Still Has Room To Grow 35.49%

According to 4 stock analysts, Akcea Therapeutics, Inc., is being kept at an average Buy, rating, with at least 21.98% of shares outstanding that are currently legally short sold. The shares of the corporation went down by -27.36% during the previous month. So far this year, the stock had gone up by 84.28%. With these types of results to display analysts, are more optimistic than before, leading 4 of analysts who cover Akcea Therapeutics, Inc. (NASDAQ:AKCA) advice their clients to include it in their buy candidate list. However, at the Wall Street, the shares for the company has been tagged a $23.67 price target, indicating that the shares will rally 35.49% from its current levels. At the moment, the stock is trading for about -44.06% less than its 52-week high.

AKCA Is -8.07% Away From SMA20

The shares of the company (AKCA) staged the smart recovery as has roared back some 115.68% after stumbling to its new 52-weeks low. The share price volatility of the stock remained at 9.24% for the month and by reducing the timeframe to just a week, the volatility stood at 8.86%. As for the shares, it has gone below the 20 days moving average and is now hovering within a distance of -8.07%. Currently the price is sitting at -22.49% lower than its 50 days moving average. Analyzing the last five market sessions, the stock was able to report 0.75% gains, thus going down by -9.9%, compared with its 200-day moving average of $18.13. Also, a 0% overturn in Akcea Therapeutics, Inc. (AKCA) witnessed over the past one year demand tendency to limit losses.

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) Has 2 Buy or Better Ratings

Arena Pharmaceuticals, Inc. (ARNA) was also brought into the spotlight with a -$1.93 drop. As the regular session came to an end, the price changed by -6.92% to $25.97. The trading of the day started with the price of the stock at $27.7. However, at one point, in the middle of the day, the price touched a high of $28 before it finally returned some of the gains. Analyzing ARNA this week, analysts seem to be content with keeping to their neutral forecast call at 2.1. Arena Pharmaceuticals, Inc. analysts gave 2 buy-equivalent recommendations, 0 sells and 3 holds. This company shares tumbled -10.36% from their most recent record high of $28.97 and now hold $993.35 million in market value of equity.

Arena Pharmaceuticals, Inc. Underpriced by 104.08%

ARNA’s mean recommendation on Reuter’s scale has been revised upward from 2.12 thirty days ago to 2.14 now. This is an indication of a hold consensus from the analysts’ society. They expect that Arena Pharmaceuticals, Inc. (ARNA) price will be reaching a mean target of $37 a share. This implies that they believe the stock has what it takes to lift the price another 42.47%. The recent close goes a long way in suggesting that the stock price is being underpriced by a 104.08% compared to the most bullish target.

Arena Pharmaceuticals, Inc. (ARNA) Returns 82.89% This Year

The company during the last trade was able to reach a volume of 1.45 million shares. That activity is comparable to their recent volume average trend of nearly 0.5 million shares which they recorded over a period of three months. The stock price volatility for last week at the close of regular trading was 4.19%, pushing the figure for the whole month to now reaching 5.79%. Arena Pharmaceuticals, Inc. price was kept to a minimum $24.33 in intra-day trade and has returned 82.89% this year alone. At a certain point in the past four quarters, the shares traded as low as $11.30 but made a 129.82% recovery since then.

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