Diamonds and Dogs
Arena Pharmaceuticals (ARNA) jumped nearly 50% thanks to positive data for a lung cancer drug. Arena's experimental drug met its primary goal in a Phase II study for lung disease. One analyst reiterated an Outperform rating on the stock and raising their price target to $53:
Shares of Blue Apron (APRN) are feeling blue. The well-known meal delivery company is down 7% following a downgrade with a price target or $2 or 72% below current levels. Blue Apron probably never should've come public. Its IPO price started in the $15 to $17 range, opening at $10 on June 29th and has only gone lower.
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