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

By  +Follow January 23, 2014 12:57PM
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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
PsychoOnWallst
29 Jan 15 17:13:51
AM Trades: Sold $EXEL 2.10 +.20 (will buy back in) Stopped out $ARIA (look for re-entry as it held 6.30) Afternoon: Spec play $ZGNX 1.36
Cdn.Trader
29 Jan 15 16:31:41
RT @StockSignaling: Top Stocks (By Trading Liquidity): $OCN $ARIA $AKS $P $SCOK $AEGR $CNAT $CVEO $ADHD $NE $YELP $WLL $GDP $INVN $SSRI htt…
Stock Signaling
29 Jan 15 16:31:07
Top Stocks (By Trading Liquidity): $OCN $ARIA $AKS $P $SCOK $AEGR $CNAT $CVEO $ADHD $NE $YELP $WLL $GDP $INVN $SSRI http://t.co/S9oPUZ8PN3
IH News Desk
29 Jan 15 15:33:48
$SH Short Sales Updated Thursday, January 29, 2015 6:11:36 PM $ARIA $SIMO $MCD $EWG http://t.co/cCShjAgPa3
PolgarStocks
29 Jan 15 15:33:15
$PFE Stock Message Board Updated Thursday, January 29, 2015 6:07:34 PM $ARIA $DNDNQ $DPZ $UPS http://t.co/hqGIMqdhIG
Rosner Stocks
29 Jan 15 15:32:09
$ARIA Stock Message Board Updated Thursday, January 29, 2015 5:59:26 PM $DUST $UPRO $WDC $VNQ http://t.co/oSMXc22Ihr
Stock Rocket
29 Jan 15 15:24:02
Today's Mid-Day Penny Stock Pick On $ETBI gained 23.27% for us! Big News: http://t.co/HCG2IUhNyd $FASC $ARIA $TUCN
Trevor
29 Jan 15 15:18:33
$ARIA The pumping never stops here
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29 Jan 15 13:54:20
http://t.co/m2LNLuLe8I does trade alerts differently than anyone else. Its super cool. $ARIA $HT $CIM $BAS $ARNA
IH News Desk
29 Jan 15 13:33:08
$OIL Recent News Updated Thursday, January 29, 2015 4:11:35 PM $ARIA $SLTD $LQD $UPRO http://t.co/dEr457rCd1
Rosner Stocks
29 Jan 15 13:30:29
$ARIA Stock Price Updated Thursday, January 29, 2015 3:59:24 PM $XLB $DIA $ECIG $SCO http://t.co/wbatwzHQH9
PolgarStocks
29 Jan 15 13:30:13
$RY Financials Updated Thursday, January 29, 2015 4:07:32 PM $SLW $PLUG $ODP $ARIA http://t.co/WrTqOZSyeZ
Rick Frommgen
29 Jan 15 13:30:05
$ARIA $ICPT gets breakthrough status & stock goes up. Aria got it, but turned into a short sell rally. Life's a beotch holding this
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29 Jan 15 13:19:09
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Rosner Stocks
29 Jan 15 12:30:08
$ARIA Filings Updated Thursday, January 29, 2015 2:59:25 PM $VALE $IWM $XLI $UNG http://t.co/C8LaFQUxOL
T Abuhasna
29 Jan 15 11:54:04
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29 Jan 15 11:39:10
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29 Jan 15 11:28:43
$GLD News Updated Thursday, January 29, 2015 2:07:32 PM $RSX $ARIA $XLV $PBR http://t.co/HODAgRvAtZ
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29 Jan 15 11:22:51
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29 Jan 15 10:45:12
Join thousands of traders at http://t.co/30Wzoc9t1Q. 5 pro trading gurus alerted 500% gains last week. $GSAT $BBRY $ZNGA $RAD $ARIA
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29 Jan 15 10:12:43
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Langan Stocks
29 Jan 15 09:13:41
$RSP Filings Updated Thursday, January 29, 2015 12:03:30 PM $TWTR $ARIA $KEG $AXP http://t.co/HHG0ZhJ0A7
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29 Jan 15 09:00:27
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29 Jan 15 08:50:18
Thanks to the 5 pro traders at http://t.co/5jbX6mNKQv for an amazing week! My win rate was 80%. So sweet. $ARIA $GNBT $CIG $NVAX
PolgarStocks
29 Jan 15 08:25:47
$UNH Last Price Updated Thursday, January 29, 2015 11:07:41 AM $ARIA $EXAS $BP $BVN http://t.co/q8fDQcZ3z6
Rosner Stocks
29 Jan 15 07:24:20
$LQD Reviews Updated Thursday, January 29, 2015 09:59:24 AM $EOG $MOS $LQD $ARIA http://t.co/KtSLHZMF0B
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29 Jan 15 07:01:13
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PolgarStocks
29 Jan 15 06:23:21
$HAL Investor Opinions Updated Thursday, January 29, 2015 09:07:31 AM $ARIA $C $GPRO $HON http://t.co/S7yzFoNk73
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29 Jan 15 06:23:19
$QLD Percent Change Updated Thursday, January 29, 2015 09:07:31 AM $GILD $VZ $ARIA $AAPL http://t.co/uyvuZ4ahaS
ProTradersNews
29 Jan 15 06:11:05
$ARIA: ARIAD to Webcast Conference Call on Fourth Quarter and Year-End ...: http://t.co/vc5tWc5Obr
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29 Jan 15 06:06:59
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29 Jan 15 06:00:03
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29 Jan 15 05:38:03
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29 Jan 15 05:09:40
$ARIA Short Sales Updated Thursday, January 29, 2015 08:03:27 AM $GILD $HON $MOS $XLY http://t.co/x9Pwdi54pz
ProVesting
29 Jan 15 04:46:02
$ARIA: ARIAD to Webcast Conference Call on Fourth Quarter and Year-End ...: http://t.co/CnPogqvIRA
Breaking News
29 Jan 15 04:40:58
$ARIA ARIAD to Webcast Conference Call on Fourth Quarter and Year-End 2014 Financial Results http://t.co/a9j6xBZIfi
Baffoe K8B Awotwi
29 Jan 15 04:37:36
$ARIA - ARIAD to Webcast Conference Call on Fourth Quarter and Year-End 2014 Financial Results http://t.co/vAt8ND73yO
StockNews
29 Jan 15 04:37:33
$ARIA - ARIAD to Webcast Conference Call on Fourth Quarter and Year-End 2014 Financial Results http://t.co/NOj0wilbmT
Stocks News&Markets
29 Jan 15 04:37:29
$ARIA - ARIAD to Webcast Conference Call on Fourth Quarter and Year-End 2014 Financial Results http://t.co/DErNPMwiVp
NASDAQ
29 Jan 15 04:37:24
$ARIA - ARIAD to Webcast Conference Call on Fourth Quarter and Year-End 2014 Financial Results http://t.co/XxPppD1cLM
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29 Jan 15 04:37:21
$ARIA ARIAD to Webcast Conference Call on Fourth Quarter and Year-End 2014 Financial Results From our Stock News Alerts App
IH News Desk
29 Jan 15 04:25:40
$PCYC Stock Price Updated Thursday, January 29, 2015 07:11:34 AM $MCD $ARIA $XLI $SLB http://t.co/FHwwpuB4nk
Dan Forman
29 Jan 15 04:23:43
http://t.co/Mcnq32o1Pf $Aria
Rosner Stocks
29 Jan 15 04:21:47
$GS Opinions Updated Thursday, January 29, 2015 06:59:23 AM $NEM $TQQQ $MIFI $ARIA http://t.co/XSvdMLdphO
PolgarStocks
29 Jan 15 04:21:37
$ARIA Recent News Updated Thursday, January 29, 2015 07:07:30 AM $CFR $FB $IYR $ARNA http://t.co/na33fhOx4h
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29 Jan 15 03:45:29
$ARIA Ar... http://t.co/o3L9jlUl14
Langan Stocks
29 Jan 15 02:08:07
$CFR Last Price Updated Thursday, January 29, 2015 05:03:25 AM $BAC $FXCM $ARIA $EOG http://t.co/J0T4eG2Ak5
ProVesting
29 Jan 15 01:41:04
$ARIA: Ariad Pharmaceuticals, Inc. Analyst Rating Update: http://t.co/jdFENlPWHl
Rosner Stocks
29 Jan 15 01:19:04
$GRCU News Updated Thursday, January 29, 2015 03:59:26 AM $XRT $UPRO $DUST $ARIA http://t.co/xiDhidTPGu
4-traders.com
28 Jan 15 22:32:44
#Ariad Pharmaceuticals : Announces Final Decision from European Commission End... http://t.co/QdS7kYI1X0 $ARIA
				
				
By  +Follow January 23, 2014 12:57PM
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