Mid-Day Market Movers (LSBX, AVII, ARNA, TRBN)
LSB Corporation (NASDAQ: LSBX) jumped 45.33% to $20.52 at 10:57 am. People's United Financial Inc (NASDAQ: PBCT) has acquired LSBX and Smithtown Bancorp (NASDAQ: SMTB) for about $156 million.
AVI BioPharma Inc (NASDAQ: AVII) climbed 17.18% to $1.91. AVII has won a new contract from the Defense Department for developing therapies for Marburg hemorrhagic fever and the Ebola virus for about $291 million.
Arena Pharmaceuticals Inc (NASDAQ: ARNA) shares surged 16.33% to $4.56. Today, analysts at Rodman & Renshaw downgraded ARNA from “market perform” to “market underperform.” Research has found out that the company's experimental weight-loss drug yielded better results than a placebo.
Trubion Pharmaceuticals Inc (NASDAQ: TRBN) shares advanced 9.20% to $2.85. TRBN’s quarterly revenue jumped 30.90% y/y.
