Traders Should Watch: Arena Pharmaceuticals (NASDAQ:ARNA), OvaScience (NASDAQ:OVAS), Canadian Solar Inc. (NASDAQ:CSIQ), Hexcel Corp. (NYSE:HXL), Google Inc (NASDAQ:GOOG)


On 27 November Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) announced that it been granted composition of matter patent by the US Patent and Trademark Office for its pipeline drug ralinepag for the treatment of vasospastic diseases, including pulmonary arterial hypertension (PAH). Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) in last trading activity advanced 3.59% to close at $4.04. Company weekly performance is -1.22% while its quarterly performance stands at -2.88%. Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) is -49.31% away from its 52 week high.

On 17 December OvaScience, Inc. (NASDAQ:OVAS) disclosed the locations of the four regions where its approach to treating infertility has been provided for the past year, as well as a milestone in the development of a future treatment. On last trading day OvaScience, Inc. (NASDAQ:OVAS) advanced 23.63% to close at $43.22. Its volatility for the week is 16.45% while volatility for the month is 8.80%. OvaScience, Inc. (NASDAQ:OVAS) monthly performance is 72.74%.

On 3 December Canadian Solar Inc. (NASDAQ:CSIQ) said that it has agreed to purchase 400MW of PV cells from Taiwan’s Neo Solar Power (NSP) for roughly $500m. On Thursday shares of Canadian Solar Inc. (NASDAQ:CSIQ) closed at $21.11. Company’s sales growth for last 5 years was 18.60% and EPS growth for next 5 years is recorded as 10.00%.

On 16 December Hexcel Corp. (NYSE:HXL) has acquired 50% of Formax U.K. Ltd., a manufacturer of composite reinforcements, specializing in the production of lightweight multi-axial fabrics. Formax is located in Leicester, U.K., with estimated sales in 2014 of approximately $45 million. Hexcel’s interest is to advance knitting technology for future aerospace applications and provide scale for growing industrial markets. Hexcel Corp. (NYSE:HXL) has 1.50% insider ownership while its institutional ownership stands at 94.00%. In last trading activity company’s stock closed at $40.82.

On 16 December Google Inc (NASDAQ:GOOG) and Verizon Communications Inc. struck a long-term patent cross-license agreement to reduce the risk of future patent lawsuits, the latest in a string of deals that signal a slowdown after years of aggressive patent wars. Google Inc (NASDAQ:GOOG) in last trading activity advanced 1.23% to close at $511.10. Company weekly performance is -3.26% while its quarterly performance stands at -14.26%. Google Inc (NASDAQ:GOOG) is -15.50% away from its 52 week high.


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