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Top Traded Drug Stocks: Arena Pharmaceuticals, Inc., AEterna Zentaris Inc., Tenet Healthcare Corporation, Medtronic, Inc.

Posted by admin 1001 days ago (http://emailwire.com)

(EMAILWIRE.COM, September 20, 2010 ) New York, NY-U.S. advisers rejected its proposed weight-loss pill amid concerns that tumors in rats might indicate a risk of cancer in humans. The advisory committee voted 9-5 that potential risks from long-term use of Arena's lorcaserin outweighed possible benefits from modest weight loss.

Also, Piper Jaffray today reduced its rating on the stock to Neutral from Overweight and cut its price target to $1.50 from $10.

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AEterna Zentaris Inc. (USA) (NASDAQ:AEZS) soared 22.12% to $1.38 on over 14.11 million shares. AEterna Zentaris Inc. is a drug development company specialized in oncology and endocrine therapy. The Company's product pipeline encompasses compounds at all stages of development, from drug discovery through marketed products.

At today`s closing market price, the market capitalization of the stock stood at $114.73 million. So far this year, the stock jumped almost 70%.

Tenet Healthcare Corporation (NYSE:THC) fell 2.99% to $4.22 on over 21.57 million shares. Tenet Healthcare Corporation is an investor-owned health care services company, which principally operates general hospitals and related ancillary health care businesses.

Over the past 52-weeks, the stock traded within the range of $3.92-$6.46.

Medtronic, Inc. (NYSE:MDT) went down 0.92% to $33.30 on over 9.39 million shares. So far, the market capitalization of the stock stands at $35.96 billion. So far this year, the stock went down more than 25%.

Today, the stock opened at $33.77 and was trading within the range of $33.21-$33.85. The volumes were quite high today at 9.39 million shares as compared to its daily average volume of 8.28 million shares.

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