Top Stocks Today (NASDAQ:ARIA) Opens 12% high

Penny Stock Pick Report alerts investors on Top Stocks that would help investors to generate higher than average returns. Subscribe to FREE Stock Alerts by visiting: http://www.pennystockpickreport.com/

Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) gapped up 12.44% to $2.44 in opening trade. On Friday the stock rallied over 9.50% after on November 05, 2009, its third-quarter net loss widened to $20.81 million from $19.99 million last year. On the contrary, net loss per share narrowed to $0.21 from $0.29 in the prior year quarter. On average, 9 analysts polled by Thomson Reuters expected loss per share of $0.18 for the quarter. Analysts' estimate typically excludes one-time items.

License and collaboration revenue for the quarter grew to $2.15 million from $1.54 million in the year-ago period. Eight analysts estimated revenues of $2.59 million for the quarter.

ABOUT PennyStockPickReport.com

 Penny Stock Pick Report is an independent electronic publication that provides information on selected publicly traded companies. Penny Stock Pick Report is not a registered investment advisor or broker-dealer. Penny Stock Pick Report affiliates, directors, officers, and employees may purchase and sell additional shares in any company which are mentioned above and may profit in the event those shares rise in value. Please do your researches before you plan to invest in any of the stocks mentioned above.