Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Amarin Corp ADR shares valued at $102,400 were purchased by Berg Aaron on Aug 02 ’24. At $0.64 per share, Berg Aaron acquired 160,000 shares. The insider’s holdings grew to 805,380 shares worth approximately $0.48 million following the completion of this transaction.
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Also, Holt Patrick purchased 14,426 shares, netting a total of over 15,724 in proceeds. Following the buying of shares at $1.09 each, the insider now holds 314,426 shares.
Before that, Ketchum Steven B had sold 34,131 shares from its account. In a trade valued at $26,963, the Chief Scientific Officer traded Amarin Corp ADR shares for $0.79 each. Upon closing the transaction, the insider’s holdings decreased to 34,131 shares, worth approximately $0.34 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 surge of approximately 2.89%. Over the course of the year, Amarin Corp ADR shares have dropped approximately -31.20%. Shares of the company reached a 52-week high of $1.3700 on 01/30/24 and a 52-week low of $0.5701 on 08/16/24. A 50-day SMA is recorded $0.6668, while a 200-day SMA reached $0.8674. Nevertheless, trading volume fell to 0.79 million shares from 0.5 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 0.5891, which, if violated, would cause prices to drop to 0.5795. In the upper region, resistance lies at 0.6091. The next price resistance is at 0.6195. RSI (Relative Strength Index) is 42.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0046, which suggests the price will decrease in the coming days. Percent R is at 60.97%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
