Arena Pharmaceuticals, Inc. (NASDAQ:ARNA), CEO Jack Lief sold 223,525 shares of Arena Pharmaceuticals stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $5.85, for a total value of $1,307,621.25. Following the completion of the sale, the chief executive officer now directly owns 361,039 shares of the company’s stock, valued at approximately $2,112,078. Arena Pharmaceuticals, Inc. (NASDAQ:ARNA), net profit margin is -30.20% and weekly performance is -9.57%. On last trading day company shares ended up $5.29. Analysts mean target price for the company is $7.83. Arena Pharmaceuticals, Inc. (NASDAQ:ARNA),distance from 50-day simple moving average (SMA50) is -15.49%.
Home builder TRI Pointe Homes, Inc. (NYSE:TPH), vaulted into the big leagues Monday by completing its $2.8 billion acquisition of Weyerhaeuser Co.’sWY -0.12% home-building operations. TRI Pointe Homes, Inc. (NYSE:TPH), advanced 0.57% in last trading session and ended the day on $15.85. TPH, Gross Margin is 22.00% and its return on assets is 4.20%. TRI Pointe Homes, Inc. (NYSE:TPH), quarterly performance is -5.03%.
On July 01, 2014, Kite Realty Group Trust (NYSE:KRG), announced the completion of its merger with Inland Diversified Real Estate Trust, Inc. (“Inland Diversified”) valued at approximately $2.1 billion. The transaction was approved by the shareholders of Kite Realty and the stockholders of Inland Diversified at their respective special meetings on June 24, 2014. Kite Realty Group Trust (NYSE:KRG), shares moved up 0.94% in last trading session and was closed at $6.44, while trading in range of $6.27 – 6.45. Kite Realty Group Trust (NYSE:KRG), year to date (YTD) performance is 1.10%.
MBIA Inc. (NYSE:MBI)’s shares decreased 4.55% to $10.29. Moody’s Investors Service on July 2 has affirmed the insurance financial strength (IFS) rating of National Public Finance Guarantee Corporation (National) at A3, and the senior debt rating of MBIA Inc., the group’s holding company, at Ba1. The outlook on the ratings has been changed to negative, from stable. MBIA Inc. (NYSE:MBI), ended the last trading day at $10.00. Company weekly volatility is calculated as 5.38% and price to cash ratio as 2.66. MBIA Inc. (NYSE:MBI), showed a negative weekly performance of 12.97%.