Ariad Pharmaceuticals Inc fka ARIA

[grandma_of_jbraika]

FMR continues to buy and hold ARIA after the big plunge, which indicates the largest mutual fund is very confident on Ariad, at least it seems to me.

...This may explain why certain funds, like Sarissa, have been accumulating the stock after the big plunge.

Sarissa bought 11.5 million shares; Camber Capital 10 million shares; FMR added 7.8 million shares, totally holding 27,392,509 shares.

FMR has been the No. 1 institutional holder of ARIA since the 1st quarter of 2000.

I thought FMR would sell all on the Oct. 9 bad news as it did in 1999 because of Ariad's big financial problem. It has turned out that Fidelity keeps buying and holding this stock.

Fidelity is confident on Ariad, isn't it?
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If Fidelity joins a class action lawsuit against Ariad, it may get as much as $273,925.09. LOL!

Grandma_of_jbraika: "I hope the law firm might help me get $0.001 per 1,000 shares that are qualified for the class action."

zipjet: "That is a bit low. You might get ten times that.