Amarin Corporation plc [AMRN] stock for 92,730 USD was bought by WOLD OLSEN PER

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Amarin Corporation plc shares valued at $92,730 were purchased by WOLD OLSEN PER on Jun 13. At $1.69 per share, WOLD OLSEN PER acquired 55,000 shares. The insider’s holdings grew to 149,000 shares worth approximately $0.16 million following the completion of this transaction.

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Also, Zakrzewski Joseph S purchased 2,000 shares, netting a total of over 6,310 in proceeds. Following the buying of shares at $3.15 each, the insider now holds 196,547 shares.

Before that, Zakrzewski Joseph S had added 10,000 shares to its account. In a trade valued at $32,689, the Director bought Amarin Corporation plc shares for $3.27 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.21 million.

As published in a research note from JP Morgan on May 06, 2022, Amarin Corporation plc [AMRN] has been rated down from a Neutral to an Underweight. Analysts at SVB Leerink downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early May. As of May 05, 2022, H.C. Wainwright has decreased its “Buy” rating to a “Neutral” for AMRN. Earlier on May 04, 2022, Northland Capital downgraded its rating. Their new recommendation was “a Market perform” for AMRN stock which previously was a “an Outperform”.

Analyzing AMRN’s Price Performance

On Wednesday, Amarin Corporation plc [NASDAQ: AMRN] plunged -4.35% to $1.10. The stock’s lowest price that day was $1.10, but it reached a high of $1.16 in the same session. During the last five days, there has been a drop of approximately -9.84%. Over the course of the year, Amarin Corporation plc shares have dropped approximately -67.36%. Shares of the company reached a 52-week high of $3.8150 on 02/10/22 and a 52-week low of $1.0900 on 09/01/22. A 50-day SMA is recorded $1.3480, while a 200-day SMA reached $2.4051. Nevertheless, trading volume fell to 2.51 million shares from 4.01 million shares the previous day.

Support And Resistance Levels for Amarin Corporation plc (AMRN)

According to the 24-hour chart, there is a support level at 1.0800, which, if violated, would cause prices to drop to 1.0600. In the upper region, resistance lies at 1.1400. The next price resistance is at 1.1800. RSI (Relative Strength Index) is 33.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1062, which suggests the price will decrease in the coming days. Percent R is at 96.88%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Amarin Corporation plc subject to short interest?

Stocks of Amarin Corporation plc saw a sharp rise in short interest on Jul 14, 2022 jumping by 3.84 million shares to 26.39 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 22.55 million shares. A jump of 14.55% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 7.36 of the overall float, the days-to-cover ratio (short ratio) jumped to 7.36.

Which companies own the most shares of Amarin Corporation plc (AMRN)?

According to Sarissa Capital Management LP filings, the company currently owns 23,998,000 shares, which is about 5.96% of the total AMRN shares outstanding. The investor’s shares have plunged by -2,000 from its previous 13-F filing of 24000000.0 shares. Eversept Partners LP acquire a 47.94% interest valued at $15.68 million while Stonepine Capital Management LLC purchased a 3,941,049 stake. A total of 0 shares of Amarin Corporation plc were bought by Avoro Capital Advisor LLC during the quarter, and 1,464,967 were bought by DG Capital Management LLC. In its current portfolio, Fairmount Funds Management LLC holds 5,584,837 shares valued at $6.59 million.

In terms of Amarin Corporation plc share price expectations, FactSet research, analysts set an average price target of $3.57 in the next 12 months, up nearly 160.87% from the previous closing price of $1.15. Analysts anticipate Amarin Corporation plc stock to reach $9.00 by 2022, with the lowest price target being $1.50. In spite of this, 8 analysts ranked Amarin Corporation plc stock as a Hold at the end of 2022. On May 12, 2021, Goldman assigned a price target of “a Sell” to the stock and downgraded coverage with a $5.


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