Amarin Corp ADR’s filing revealed that its President and CEO Berg Aaron acquired Company’s shares for reported $0.1 million on Aug 02 ’24. In the deal valued at $0.64 per share,160,000 shares were bought. As a result of this transaction, Berg Aaron now holds 805,380 shares worth roughly $0.4 million.
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Then, Holt Patrick bought 14,426 shares, generating $15,724 in total proceeds. Upon buying the shares at $1.09, the President and CEO now owns 314,426 shares.
Before that, Ketchum Steven B sold 34,131 shares. Amarin Corp ADR shares valued at $26,963 were divested by the Chief Scientific Officer at a price of $0.79 per share. As a result of the transaction, Ketchum Steven B now holds 566,100 shares, worth roughly $0.28 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 Friday, Amarin Corp ADR [NASDAQ:AMRN] saw its stock fall -3.85% to $0.50. Over the last five days, the stock has lost -13.01%. Amarin Corp ADR shares have fallen nearly -42.53% since the year began. Nevertheless, the stocks have fallen -33.35% over the past one year. While a 52-week high of $1.37 was reached on 01/30/24, a 52-week low of $0.51 was recorded on 11/15/24. SMA at 50 days reached $0.5856, while 200 days put it at $0.7858.
Levels Of Support And Resistance For AMRN Stock
The 24-hour chart illustrates a support level at 0.4904, which if violated will result in even more drops to 0.4808. On the upside, there is a resistance level at 0.5143. A further resistance level may holdings at 0.5286. The Relative Strength Index (RSI) on the 14-day chart is 32.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0453, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.10%. Stochastics %K at 11.05% indicates the stock is a buying.
How much short interest is there in Amarin Corp ADR?
A steep rise in short interest was recorded in Amarin Corp ADR stocks on 2024-10-31, growing by 78430.0 shares to a total of 17.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 17.87 million shares. There was a rise of 0.44%, which implies that there is a positive sentiment for the stock.
