Amarin Corp ADR’s filing revealed that its President and CEO Holt Patrick acquired Company’s shares for reported $15724.0 on Jan 22 ’24. In the deal valued at $1.09 per share,14,426 shares were bought. As a result of this transaction, Holt Patrick now holds 314,426 shares worth roughly $0.34 million.
Then, Ketchum Steven B sold 34,131 shares, generating $26,963 in total proceeds. Upon selling the shares at $0.79, the Chief Scientific Officer now owns 566,100 shares.
Before that, Holt Patrick bought 300,000 shares. Amarin Corp ADR shares valued at $312,315 were divested by the President and CEO at a price of $1.04 per share. As a result of the transaction, Holt Patrick now holds 300,000 shares, worth roughly $0.32 million.
A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Hold”. Jefferies also remained covering AMRN and has increased its forecast on January 06, 2023 with a “Buy” recommendation from previously “Hold” rating. JP Morgan revised its rating on May 06, 2022. It rated AMRN as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of AMRN
On Monday, Amarin Corp ADR [NASDAQ:AMRN] saw its stock jump 1.90% to $1.07. Over the last five days, the stock has gained 21.32%. Amarin Corp ADR shares have risen nearly 22.99% since the year began. Nevertheless, the stocks have fallen -21.90% over the past one year. While a 52-week high of $1.49 was reached on 01/30/24, a 52-week low of $0.65 was recorded on 03/14/24. SMA at 50 days reached $1.0616, while 200 days put it at $0.9848. A total of 0.85 million shares were traded, compared to the trading of 3.85 million shares in the previous session.
Levels Of Support And Resistance For AMRN Stock
The 24-hour chart illustrates a support level at 1.0300, which if violated will result in even more drops to 0.9900. On the upside, there is a resistance level at 1.1100. A further resistance level may holdings at 1.1500. The Relative Strength Index (RSI) on the 14-day chart is 61.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1252, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.29%. Stochastics %K at 82.53% indicates the stock is a selling.
How much short interest is there in Amarin Corp ADR?
A steep rise in short interest was recorded in Amarin Corp ADR stocks on Mar 15, 2024, growing by 1.44 million shares to a total of 18.19 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 16.75 million shares. There was a rise of 7.92%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.55% of the overall stock float, the days-to-cover ratio (short ratio) rose to 8.36.
