Targacept, 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...]