Taking a Closer Look At Amarin Corporation plc (AMRN) Following Its Recent Trade


Amarin Corporation plc’s recently made public that its Director WOLD OLSEN PER acquired Company’s shares for reported $92730.0 on Jun 13. In the deal valued at $1.69 per share,55,000 shares were bought. As a result of this transaction, WOLD OLSEN PER now holds 149,000 shares worth roughly $ 0.26 million.

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Jefferies upgraded its Amarin Corporation plc [AMRN] rating to a Buy from a a Hold in a research note published on Tuesday, January 06, 2023; the price target was increased to $3 from $1.30. PT values the company’s stock at a premium of 41.67 to its Tuesday closing price. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early May from “a Neutral” to “an Underweight”. SVB Leerink also remained covering AMRN and has decreased its forecast on May 05, 2022 with a “Mkt perform” recommendation from previously “an Outperform” rating. H.C. Wainwright revised its rating on May 05, 2022. It rated AMRN as “a Neutral” which previously was an “a Buy”.

Price Performance Review of AMRN

On Tuesday, Amarin Corporation plc [NASDAQ:AMRN] saw its stock fall -2.78% to $1.75. On the same session, the stock had its day’s lowest price of $1.69, but rose to a high of $1.81. Over the last five days, the stock has lost -11.17%. Amarin Corporation plc shares have risen nearly 44.63% since the year began. Nevertheless, the stocks have fallen -43.00% over the past one year. While a 52-week high of $3.82 was reached on 01/13/23, a 52-week low of $1.04 was recorded on 01/03/23. SMA at 50 days reached $1.3508, while 200 days put it at $1.5296. A total of 9.71 million shares were traded, compared to the trading of 7.84 million shares in the previous session.

Levels Of Support And Resistance For AMRN Stock

The 24-hour chart illustrates a support level at 1.6900, which if violated will result in even more drops to 1.6300. On the upside, there is a resistance level at 1.8100. A further resistance level may holdings at 1.8700. The Relative Strength Index (RSI) on the 14-day chart is 60.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0736, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.58%. Stochastics %K at 65.04% indicates the stock is a holding.

How much short interest is there in Amarin Corporation plc?

A steep rise in short interest was recorded in Amarin Corporation plc stocks on Oct 13, 2022, growing by 30000.0 shares to a total of 9.59 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 9.56 million shares. There was a rise of 0.31%, which implies that there is a positive sentiment for the stock.

Amarin Corporation plc [AMRN] – Who Are The Largest Shareholders?

In filings from Sarissa Capital Management LP, it is revealed that the company now owns 25,210,000 shares, or roughly 6.58% of the outstanding AMRN shares. In other words, the investor’s shares have risen by 1,212,000 from its previous 13-F filing of 23998000.0. Additionally, Eversept Partners LP decreased -9.95% of its stake after which the total value it holdings stand at $14,474,920. Over the last quarter, Stonepine Capital Management LLC sold -305,798 shares of Amarin Corporation plc, while Kynam Capital Management LP sold 2,710,255 shares. At present, Avoro Capital Advisor LLC is holding 6,000,000 shares valued at $7.26 million. DG Capital Management LLC owned 5,809,452 shares of the company at the time of its most recent 13F filing, worth $7.03 million.


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