NASDAQ:OPTR

6 NASDAQ Stocks Dipping Today: TRGT, ARNA, OPTR, HALO, SWHC, SIRI

Nasdaq StocksTargacept, Inc. (NASDAQ:TRGT) is down 12.37% today at $4.25. TRGT has traded 1.2 million shares so far today, double its daily average. TRGT shares are tumbling today after the company reports error in asthma study. The company has a market cap of 141.93 million.

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) is down 3.69% in early trading at $3.0050. ARNA has traded 8.8 million shares so far today, above its daily average of 7.8 million shares. ARNA shares are falling as investors react to the FDA decision delay of Vivus’s obesity drug. The company has a market cap of 545.24 million. [Read more...]

Futures Sharply Negative After NFP Numbers. Stocks to Watch

Wall StreetThe miss in payrolls has Wall Street deep in negative territory in premarket trading. Chinese CPI numbers are also helping fuel the decline as gains in consumer prices accelerated in March. Dow futures are currently down 118 points. Nasdaq futures are off nearly 29 points and the S&P 500 is shedding 15.

While the unemployment level ticked down, the NFP report was a disappointment taken as a whole. Expectations for report were set at 210k jobs created in March. Instead, the number came in at 120k. This marked the first time that the NFP job creation number had been below 200k since November.

Analysts say that the one silver lining to the report is that the QE3 carrot that has been dangling will get a little closer to reality now. No economic data is slated for release, but Ben Bernanke is expected to deliver a speech this evening in Georgia. This will be closely watched to see if he gives an indication about where the Fed might be heading. [Read more...]

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