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Ariad Approaches 100-DMA on 26% 3-Day Gain 2014-01-24 15:45:18.548 GMT
By Cristin Flanagan Jan. 24 (Bloomberg) -- Ariad up as much as 12% intraday to highest since Oct. 8 in 3rd day of gains after reports of bid speculation in Daily Mail. * ARIA hasn’t traded above 100-DMA intraday since Oct. 7, 2 days before Iclusig hold was announced * NOTE: Yday, ARIA declined to comment on rumors * Still limited potential for Iclusig in CML, ARIA (rated underweight) faces uphill battle, wrote Barclays analyst Ying Huang in note dated yday, sees more attractive investments with less risk, better market potential * ARIA 4 buys, 13 holds, 4 sells; avg PT $6.85, implies ~17% downside potential: Bloomberg data * ARIA short interest 22%, active utilization 79%: Markit
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--Editor: Cristin Flanagan
To contact the reporter on this story: Cristin Flanagan in New York at +1-212-617-8919 or cflanagan1@bloomberg.net
To contact the editor responsible for this story: Joanna Ossinger at +1-212-617-7789 or jossinger@bloomberg.net