Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Amarin Corp ADR shares valued at $15,724 were purchased by Holt Patrick on Jan 22 ’24. At $1.09 per share, Holt Patrick acquired 14,426 shares. The insider’s holdings grew to 314,426 shares worth approximately $0.27 million following the completion of this transaction.
Also, Ketchum Steven B sold 34,131 shares, netting a total of over 26,963 in proceeds. Following the sale of shares at $0.79 each, the insider now holds 566,100 shares.
Before that, Holt Patrick had added 300,000 shares to its account. In a trade valued at $312,315, the President and CEO bought Amarin Corp ADR shares for $1.04 each. Upon closing the transaction, the insider’s holdings increased to 300,000 shares, worth approximately $0.26 million.
Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late October. As of January 06, 2023, Jefferies has increased its “Hold” rating to a “Buy” for AMRN. Earlier on May 06, 2022, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for AMRN stock which previously was a “a Neutral”.
Analyzing AMRN Stock Performance
During the last five days, there has been a drop of approximately -14.53%. Over the course of the year, Amarin Corp ADR shares have jumped approximately 0.21%. Shares of the company reached a 52-week high of $1.3700 on 01/30/24 and a 52-week low of $0.8015 on 03/14/24. A 50-day SMA is recorded $1.0182, while a 200-day SMA reached $0.9771. Nevertheless, trading volume fell to 1.03 million shares from 0.81 million shares the previous day.
Support And Resistance Levels for Amarin Corp ADR (AMRN)
According to the 24-hour chart, there is a support level at 0.8417, which, if violated, would cause prices to drop to 0.8117. In the upper region, resistance lies at 0.9309. The next price resistance is at 0.9901. RSI (Relative Strength Index) is 38.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0902, which suggests the price will decrease in the coming days. Percent R is at 92.33%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
