Disney’s Magic and FRESH 52-Week High Stocks

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Walt Disney Company (NYSE:DIS: Disney inaugurated its completely renovated Disney California Adventure theme park after spending a massive billion dollars or so. The new-look derives from a fresh emphasis on characters from Pixar movies and more similarity to Disney’s Orlando park, effectively answering CEO Bob Iger’s notorious remark calling it a “brand eyesore.” The shares have traded in a 52-week range of $28.19 to $47.20.

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Arena Pharmaceutical (NASDAQ:ARNA):  According to Piper Jaffray, though Arena’s shares have already run up 27 percent this week in anticipation of the company’s June 27 PDUFA date regarding its anti-obesity drug Lorcaserin, most of the share chasing comes from retail investors, while big shorts appear to be in place. Nevertheless, Piper is optimistic on Arena’s fortunes in the global obesity market and says FDA approval of the drug could be another bullish driver for the stock. The shares have traded in a 52-week range of $1.23 to $7.92.

Charming Shoppes (NASDAQ:CHRS): The tender offer by Ascena Retail Group (NASDAQ:ASNA) for the outstanding shares of common stock of the company has been been completed successfully. The shares have traded in a 52-week range of $2.29 to $7.42.

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