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Why did Arena & Pfizer share prices rise?

Image Source: Zacks Investment Research This rise is primarily attributable to a definitive agreement entered by Arena last month with Pfizer PFE, wherein the latter will acquire the former in an all-cash transaction for $100 per share or a total equity value of approximately $6.7 billion.

Should you buy Arena (Arna) stock?

Investors need to pay close attention to Arena (ARNA) stock based on the movements in the options market lately. While the sector is under pressure, these biotech stocks have key catalysts in March Pre-Market Brief: Stocks Give Up Overnight Gains as the U.S. Will Ban Russian Energy Exports Barchart - Tue Mar 8, 2022

Who is Arena Group Holdings?

The Arena Group Holdings, Inc., together with its subsidiaries, operates digital media platform in the United States and internationally.

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