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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. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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Results for ARIA
leahanne
29 Aug 15 01:32:07
AMZN http://t.co/UhuemD1DtF, Inc. Bid Size http://t.co/7jy1PRYg2Y $AMZN $EWQ $ARIA $CYTX #AMZN #tradeideas #tradeideas
Antonio Costa
29 Aug 15 01:05:40
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Denise Scots-Knight
29 Aug 15 00:54:42
RT @megtirrell: @ywsr I confirmed Bloomberg's scoop that $BXLT approached $ARIA. Was about a month ago, $BXLT was rejected in initial appro…
Investors Hangout
29 Aug 15 00:51:14
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Somanath
29 Aug 15 00:50:12
leahanneta : WMIH WMI Holdings Corp. Ideas http://t.co/Pu6DXh90mW $WMIH $ARIA $IBB $FCX… http://t.co/FnzDIuXNWe) http://t.co/DSLpmhhXrZ
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29 Aug 15 00:48:36
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LoneWolf
29 Aug 15 00:47:48
$ARIA Weekly Chart http://t.co/WbDwwuNWLL $ARIA http://t.co/Af6HXThTBf
Investors Hangout
29 Aug 15 00:47:38
XIV VelocityShares Daily Inverse VIX Short Term ETN Last Price http://t.co/OqwzhSyQnl $XIV $ARIA $SLB $IBB #XIV #share #investing
leahanne
29 Aug 15 00:47:27
WMIH WMI Holdings Corp. Ideas http://t.co/UGdcRqt2tg $WMIH $ARIA $IBB $FCX #WMIH #finance #stockmarket
Jake13
29 Aug 15 00:47:17
XLK Technology Select Sector SPDR Last Price http://t.co/KNggo2TiLo $XLK $ZIV $ARIA $ABX #XLK #share #stockmarket
Stock Forums
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VLTC Voltari Corp. Financials http://t.co/NGmEi0OkJL $VLTC $DVN $ICN $ARIA #VLTC #stocks #stockmarket
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lookn4wins
29 Aug 15 00:46:03
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leahanne
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29 Aug 15 00:44:36
UAL United Continental Holdings Inc. Tick http://t.co/3fwuJmV05k $UAL $ARIA $EWP $XLY #UAL #stock #nasdaq
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29 Aug 15 00:44:14
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Investors Hangout
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Stock Forums
29 Aug 15 00:42:42
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nasdaqfan
29 Aug 15 00:42:36
IBIO iBio Inc. 52Wk Low http://t.co/8p1gIYn8JW $IBIO $EXC $ARIA $GOOGL #IBIO #investing #invest
jim50
29 Aug 15 00:41:26
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Emylers
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lookn4wins
29 Aug 15 00:39:04
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29 Aug 15 00:38:41
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Investors Hangout
29 Aug 15 00:38:30
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IH News Desk
29 Aug 15 00:38:29
DIS Walt Disney Co. % Change http://t.co/753msSCd8M $DIS $SOXS $ARIA $GILD #DIS #pennystocks #tradeideasDNR Denbury Resources, Inc.…
Investors Hangout
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IH News Desk
29 Aug 15 00:38:27
DIS Walt Disney Co. % Change http://t.co/mLkXsLFSPd $DIS $SOXS $ARIA $GILD #DIS #pennystocks #tradeideasDNR Denbury Resources, Inc.…
DennyT
29 Aug 15 00:38:19
DIS Walt Disney Co. % Change http://t.co/D7uoq99hf8 $DIS $SOXS $ARIA $GILD #DIS #pennystocks #tradeideasDNR Denbury Resources, Inc.…
IH NASDAQ OMX
29 Aug 15 00:38:19
DIS Walt Disney Co. % Change http://t.co/61Gk3sskyz $DIS $SOXS $ARIA $GILD #DIS #pennystocks #tradeideasDNR Denbury Resources, Inc.…
Stock Forums
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Stock Forums
29 Aug 15 00:38:10
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Investors Hangout
29 Aug 15 00:37:42
DIS Walt Disney Co. % Change http://t.co/xr4uDm8oGk $DIS $SOXS $ARIA $GILD #DIS #pennystocks #tradeideasDNR Denbury Resources, Inc.…
Investors Hangout
29 Aug 15 00:37:39
DIS Walt Disney Co. % Change http://t.co/DsRiiNxnnw $DIS $SOXS $ARIA $GILD #DIS #pennystocks #tradeideasDNR Denbury Resources, Inc.…
jim50
29 Aug 15 00:37:30
DIS Walt Disney Co. % Change http://t.co/38XLJhRjpD $DIS $SOXS $ARIA $GILD #DIS #pennystocks #tradeideasDNR Denbury Resources, Inc.…
jim50
29 Aug 15 00:37:30
DIS Walt Disney Co. % Change http://t.co/i7puiKnO3i $DIS $SOXS $ARIA $GILD #DIS #pennystocks #tradeideasDNR Denbury Resources, Inc.…
jim50
29 Aug 15 00:37:29
DIS Walt Disney Co. % Change http://t.co/9eU5wuQ0we $DIS $SOXS $ARIA $GILD #DIS #pennystocks #tradeideasDNR Denbury Resources, Inc.…
jim50
29 Aug 15 00:37:28
DIS Walt Disney Co. % Change http://t.co/uwjm2qenuR $DIS $SOXS $ARIA $GILD #DIS #pennystocks #tradeideasDNR Denbury Resources, Inc.…
jim50
29 Aug 15 00:37:27
DIS Walt Disney Co. % Change http://t.co/92luVVyX8d $DIS $SOXS $ARIA $GILD #DIS #pennystocks #tradeideasDNR Denbury Resources, Inc.…
jim50
29 Aug 15 00:37:26
DIS Walt Disney Co. % Change http://t.co/aNkq3lUtx0 $DIS $SOXS $ARIA $GILD #DIS #pennystocks #tradeideas
Stock Forums
29 Aug 15 00:37:23
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Stock Forums
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DennyT
29 Aug 15 00:37:22
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IH NASDAQ OMX
29 Aug 15 00:37:21
DIS Walt Disney Co. % Change http://t.co/XxOi8xp3Ip $DIS $SOXS $ARIA $GILD #DIS #pennystocks #tradeideasDNR Denbury Resources, Inc.…
DennyT
29 Aug 15 00:37:17
DIS Walt Disney Co. % Change http://t.co/7pnlUQ2Fd8 $DIS $SOXS $ARIA $GILD #DIS #pennystocks #tradeideasDNR Denbury Resources, Inc.…
				
				
By  +Follow January 23, 2014 12:57PM
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