Dallas 12/23/2010 1:40:24 AM
News / Stocks

Drug Stocks Trading Lower (ARNA, GILD, SNSS, JNJ)

Drug Stocks Trading Lower

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) plunged 10.29% to $1.83. The company and Eisai Inc. announced the completion of an end-of-review meeting with the US Food and Drug Administration (FDA) for the lorcaserin New Drug Application (NDA).

The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $1.50 and $3.48 respectively. At current market price, the market capitalization of the company stands at $223.40 million.

Gilead Sciences, Inc. (NASDAQ:GILD) declined 0.26% to $36.47. Gilead Sciences, Inc. is a biopharmaceutical company that discovers, develops and commercializes therapeutics. The Company has operations in North America, Europe and Australia.

At current market price, the market capitalization of the company stands at $29.61 billion. The stock is down more than 15% year-to-date.

Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS) dropped 0.90% to $0.440.

The company has Price/Book ratio of 3. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $0.36 and $0.42 respectively. At current market price, the market capitalization of the company stands at $117.07 million.

Johnson & Johnson (NYSE:JNJ) lost 0.42% to $62.08. The median Wall Street price target on the stock is $67 and the high target is set at $90. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $63.07 and $60.91 respectively.

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