Shares of Ariad Pharmaceuticals Under Pressure, Down 1.6%

Published on Tue, 06/09/2015 - 12:10
By Peter Chu in Market movers, ARIA, ariad pharmaceuticals, market movers, nasdaq:aria

Ariad Pharmaceuticals (NASDAQ:ARIA) is one of today's biggest movers, down 0.8% to $8.84. The Dow Jones Industrial Average is now trading fractionally higher to 17,789 and the S&P is trading fractionally higher to 2,082.

ARIAD Pharmaceuticals, Inc. discovers and develops breakthrough medicines that regulate cell signaling with small molecules. The Company is primarily focused on product candidates for targeted indications. ARIAD is developing products to treat solid tumors, to block the spread of cancer, to treat certain forms of leukemia, and to treat cancer that has spread to bone and primary bone cancers.

There is potential upside of 10.3% for shares of Ariad Pharmaceuticals based on a current price of $8.84 and an average consensus analyst price target of $9.75. The stock should find resistance at its 50-day moving average (MA) of $8.88, as well as support at its 200-day MA of $7.18.

In the past 52 weeks, shares of Ariad Pharmaceuticals have traded between a low of $4.90 and a high of $9.89 and are now at $8.84, which is 80% above that low price. The 200-day and 50-day moving averages have moved 0.61% higher and 0.47% higher over the past week, respectively.

By Peter Chu
pchu@fnno.com

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