Amarin Corporation plc [AMRN] Investment Guide: What You Need to Know


Amarin Corporation plc’s filing revealed that its President and CEO Holt Patrick acquired Company’s shares for reported $0.31 million on Aug 16. In the deal valued at $1.04 per share,300,000 shares were bought. As a result of this transaction, Holt Patrick now holds 300,000 shares worth roughly $ 0.32 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 Friday, January 06, 2023; the price target was increased to $3 from $1.30. PT values the company’s stock at a premium of 64.67 to its Friday closing price.

Price Performance Review of AMRN

On Friday, Amarin Corporation plc [NASDAQ:AMRN] saw its stock jump 0.95% to $1.06. On the same session, the stock had its day’s lowest price of $1.05, but rose to a high of $1.07. Over the last five days, the stock has gained 4.95%. Amarin Corporation plc shares have fallen nearly -12.40% since the year began. Nevertheless, the stocks have fallen -10.17% over the past one year. While a 52-week high of $2.23 was reached on 02/08/23, a 52-week low of $0.96 was recorded on 08/15/23. SMA at 50 days reached $1.1370, while 200 days put it at $1.3835. A total of 1.18 million shares were traded, compared to the trading of 1.44 million shares in the previous session.

Levels Of Support And Resistance For AMRN Stock

The 24-hour chart illustrates a support level at 1.0500, which if violated will result in even more drops to 1.0400. On the upside, there is a resistance level at 1.0700. A further resistance level may holdings at 1.0800. The Relative Strength Index (RSI) on the 14-day chart is 44.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0074, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.76%. Stochastics %K at 59.51% 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 Aug 14, 2023, dropping by -2.0 million shares to a total of 18.24 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 20.24 million shares. There was a decline of -10.96%, which implies that there is a negative sentiment for the stock.

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

In filings from Kynam Capital Management LP, it is revealed that the company now owns 12,000,000 shares, or roughly 2.94% of the outstanding AMRN shares. Additionally, Morgan Stanley & Co. LLC decreased -2.79% of its stake after which the total value it holdings stand at $13,064,645, while Eversept Partners LP reduced -28.13% of its stake to hold $12.6 million in the firm. Over the last quarter, Tang Capital Management LLC purchased 1,700,000 shares of Amarin Corporation plc, while SCP Investment LP bought 0 shares. At present, DG Capital Management LLC is holding 5,474,753 shares valued at $6.57 million. Sarissa Capital Management LP owned 4,910,000 shares of the company at the time of its most recent 13F filing, worth $5.89 million.

According to FactSet, Amarin Corporation plc’s share price will average $2.45 in the next year, based on opinions of analysts polled by the firm. This is up nearly 90.48 percent from its previous closing price of $1.05. Analysts expect Amarin Corporation plc stock to reach the higher price of $5.00, while the lowest price estimate is $1.00. However, 5 analysts have rated AMRN stock as a Hold in their predictions for 2023.


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