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Ariad Pharmaceuticals (ARIA) Spikes on Eli Lilly (LLY) Buyout Rumors

By  +Follow January 23, 2014 12:57PM
Tickers Mentioned:

Rumors that major pharmaceutical companies may be circling Ariad Pharmaceuticals (ARIA) regarding a potential buyout helped drive shares of the volatile stock higher on Thursday. Ariad was up over 11 percent Thursday on extremely heavy volume, continuing Ariad’s bigs swings that have come to characterize the stock in recent months.

Ariad Buyout Rumors Spark Run

The inciting incident for today’s gain appears to be an article that appeared in the Daily Mail that speculated that several major buyers could be interesting in buying Ariad. The article states that Eli Lilly (LLY) , GlaxoSmithKline (GSK) , and Shire (SHPG) are all interested in purchasing the company following the approval of Iclusig (a pill form of Ponatinib treatment) for treatment of leukemia patients.

The frontrunner is reportedly Eli Lilly, who may be willing to pay as much as $20 a share. That would take the price close to the share value in October prior to a massive plunge following serious regulatory concerns.

Could Ariad’s Wild Ride Finally be Coming to a Close?

Ariad Pharmaceuticals has been on a long, wild ride that has taken shares from a 52-week high of $23 a share, to $22.50 a share in October before the FDA put a hold on Iclusig because of worries about blood clots. That sent shares plummeting to the 52-week low of just $2.15 a share. Shares continued to exhibit big volatility on heavy volume over the next month, with double-digit swings in a single day not at all out of the norm.

However, things started to stabilize for Ariad after the FDA approved Iclusig again with new prescribing guidelines. Now, Ariad’s been making steady gains since mid-December and appears to have left the worst behind it.

What the future holds for Ariad is still far from clear, and the fact that the stock is trading at under $7.50 a share should prove that a certain healthy skepticism of the $20 a share price quoted in the buyout rumors.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.

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Results for ARIA
Trader News Daily
20 Oct 14 13:23:50
Get reviews of top trading websites at http://t.co/sJnBwtOUTE. Sign-up bonuses available. Related: $MJNA $SD $ALU $GRPN $ARIA $RSH $GTATQ
Victor Roberts, MD
20 Oct 14 13:13:56
Commented on StockTwits: GANN angle magic! Predicted $ARIA price action correctly today! 6.05 was R! Couldn't bre... http://t.co/oCFA1lymVF
20 Oct 14 13:00:52
MidCap #Stocks Trend $SHLD $LII $TSO $ARIA $NVR $TMHC $GMCR $DF $THRX $HPT $LEN $DNKN $PHM $TE $ALK $CMS $AAP @ http://t.co/H27z0JgFGk
20 Oct 14 13:00:35
MidCap #Stocks Performance $SHLD $LII $WTW $TSO $ARIA $HTZ $UAL $RCL $NVR $HAS $GCI $LUV $QEP $TMHC $MDR more@ http://t.co/tf79gD96D3
20 Oct 14 12:58:30
After Massive Gains On Penny Stock Picks, another New Pick Is Coming! Check it out: http://t.co/lWd4jUXeCy $FASC $ARIA $TUCN
20 Oct 14 12:37:12
Eyes still on $ARIA for a HOD push.
Mark Romero
20 Oct 14 12:34:13
$ARIA In for 500 shares
20 Oct 14 12:27:30
$ARIA Strong all day http://t.co/2DRYdhc2Cq
20 Oct 14 12:21:11
$ARIA looks good for continuation imho
Victor Roberts, MD
20 Oct 14 12:10:06
$ARIA Where is "tornado" @TravelerRob? Fun to see his posts lately. He should start add to his long position instead of hoping to see low 4s
20 Oct 14 12:07:20
$ARIA looking to snap HOD here
20 Oct 14 12:04:39
$ARIA new HOD? HUGE VOLUME!!!! #news #breakingnews #cnbc $lake #DallasEbola $shpg $cmrx $tkmr $ibio $bcrx $SRPT $NLNK #ZMapp
20 Oct 14 11:37:51
$ARIA - getting ready to rally again! #news #breakingnews #cnbc $lake #DallasEbola $shpg $cmrx $tkmr $ibio $bcrx $SRPT $NLNK #ZMapp
20 Oct 14 11:07:36
@Drragu $ARIA how can you tell that there are no shares to short currently? Thx
Kenneth Meyerson
20 Oct 14 10:41:14
RT @TomSilver39: Rbc:" $ARIA Iclusig TRx/NRx are 101/41, +26/+5% wk/wk, $PCYC Imbruvica TRx 1196, +11% wk/wk; NRx 441, +7% wk/wk…"
Investors Hangout
20 Oct 14 10:36:23
$IWM News Click Here: http://t.co/mInqqMNmsE Also See: $BRK/B $ARIA $EWL $BABA ~
Susanta Bera
20 Oct 14 10:02:04
RT @Drragu: Commented on StockTwits: $ARIA ICLUSIG Sales are improving! http://t.co/rJjaKF2nwU http://t.co/stDbqO6mRc
Victor Roberts, MD
20 Oct 14 09:59:52
Commented on StockTwits: $ARIA ICLUSIG Sales are improving! http://t.co/rJjaKF2nwU http://t.co/stDbqO6mRc
Christian Kat
20 Oct 14 09:52:52
$ARIA if we brake USD 6 it will coil up!
T Abuhasna
20 Oct 14 09:51:32
Investors Hangout
20 Oct 14 09:44:24
clayton: $ARIA 5.74 http://t.co/w2xdcIm1Nb
Investors Hangout
20 Oct 14 09:44:22
clayton: $ARIA 5.74 http://t.co/m3BvksWYXk
20 Oct 14 09:42:03
$ARIA 5.74 http://t.co/1V9w7jOZmL
Victor Roberts, MD
20 Oct 14 09:36:53
Commented on StockTwits: Now WS crooked system trapping shorts by preventing to average down! $ARIA forced short ... http://t.co/yQC18act3b
20 Oct 14 09:32:37
RT @OptionCast: Short Squeeze Alerts $USU $Ticker Symbol $NLNK $RSH $DXM $ARIA $COCO $SFY $GDP http://t.co/vRTWxV5Spu
Investors Hangout
20 Oct 14 09:22:21
$HZU.TO % Change Click Here: http://t.co/xBalxGH9BU Also See: $ARIA $XLU $XLB $SLB ~
trader j
20 Oct 14 09:21:55
$aria of course $aria is up I dumped by 4k shares last week 5.45 & $5.55 what else is new!!'
Avoid The Herd
20 Oct 14 09:21:28
$ARIA nhod - took some time but made it through
20 Oct 14 09:17:05
$ARIA RALLYING on article of likely takeover #news #breakingnews #cnbc $lake #DallasEbola $shpg $cmrx $tkmr $ibio $bcrx $SRPT $NLNK
Samantha LaDuc
20 Oct 14 09:16:21
$ANGI and $ARIA have nothing in common but they both look good to me.
ProTrader Mike
20 Oct 14 09:13:06
10/20 MOJO Daily Video Recap $IBIO $JNUG $ACHN $ARIA 10/10 today Watch Here = https://t.co/mRsJ8MoLNk
Victor Roberts, MD
20 Oct 14 09:08:34
Commented on StockTwits: $ARIA Need TO TAKE OUT 5.85 for further gains. Profit taking might start here. http://t.co/y51r4cnnZA
20 Oct 14 09:03:13
$ARIA rallying due to article stating likely takeover target New hod! $lake #DallasEbola $shpg $cmrx $tkmr $ibio $bcrx $SRPT $NLNK #ZMapp
Victor Roberts, MD
20 Oct 14 09:02:22
Commented on StockTwits: Hope you still holding some $ARIA long position. Look at ESI! SS is genuine and more sho... http://t.co/CKjUNUrrrD
Ryan Faloona
20 Oct 14 08:57:37
What these millionaire traders did differently… | http://t.co/neuKpiDVCw | $AAPL $TWTR $FB $SCOK $ARIA
ProTrader Mike
20 Oct 14 08:55:59
$IBIO $JNUG $ACHN $ARIA 10/10 today that all it takes done for day at 10:30am - MOJO business shut down for day IBIO - video being made now
20 Oct 14 08:52:51
MidCap #Stocks Trend $LII $TSO $ARIA $NVR $LEN $THRX $HPT $DHI $TMHC $DF $PNRA $ALKS $TE $HST $PHM $CAB $SJM @ http://t.co/tf79gD96D3
20 Oct 14 08:52:34
MidCap #Stocks Performance $LII $TSO $ARIA $LUV $SHLD $HTZ $HAS $NVR $AAL $UAL $PCYC $SGEN $QEP $DATA $LE more@ http://t.co/tf79gD96D3
20 Oct 14 08:48:22
$ARIA rallying 8% due to article stating likely takeover target!!! $lake #DallasEbola $shpg $cmrx $tkmr $ibio $bcrx $SRPT $NLNK #ZMapp
20 Oct 14 08:47:50
After Massive Gains On Penny Stock Picks, another New Pick Is Coming! Check it out: http://t.co/YX0NLZhRQ5 $FASC $ARIA $TUCN
Avoid The Herd
20 Oct 14 08:47:13
$ARIA curling up to hod test
Victor Roberts, MD
20 Oct 14 08:35:35
$ARIA 4.5 million traded already! Can take out 6 soon
Big Money
20 Oct 14 08:34:44
ALL NEW TO $ARIA please be aware of the info!!!! http://t.co/RGtTE3UNf4
Victor Roberts, MD
20 Oct 14 08:29:44
$ARIA IS TRACKING $XBI intraday. Keep an eye on it. if ARIA holds today's gains, i'll be extremely happy. More gains welcome :)
Trader News Daily
20 Oct 14 08:25:20
Check out http://t.co/sJnBwtOUTE for stock trading website reviews. Related: $EMC $BABA $GILD $BCS $WFC $BTU $KO $JCP $EBAY $MDT $ARIA
Victor Roberts, MD
20 Oct 14 08:20:36
Commented on StockTwits: Benefits outweigh the risk of holding $ARIA long now. For day traders scalping few cents... http://t.co/sViDn68bRn
Monte Werle
20 Oct 14 08:11:57
Dip bought some $ARIA here at $5.73
20 Oct 14 08:00:57
175.0% increased bullish conversations in $ARIA in the past 1 hour.
20 Oct 14 08:00:03
Investors Hangout
20 Oct 14 07:57:13
Jake13: $ARIA Opinion Click here to find out if $ARIA is http://t.co/dsOpm35eTn
By  +Follow January 23, 2014 12:57PM



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