The market has been high on Amarin Corporation plc (AMRN) stock recently. AMRN gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With AMRN Stock Today?
Amarin Corporation plc (AMRN) stock is trading at $5.39 as of 11:54 AM on Thursday, Apr 29, a rise of $0.20, or 3.85% from the previous closing price of $5.19. The stock has traded between $5.14 and $5.48 so far today. Volume today is below average. So far 3,337,709 shares have traded compared to average volume of 5,381,719 shares.
To see InvestorsObserver's Sentiment Score for Amarin Corporation plc click here.
More About Amarin Corporation plc
Amarin Corp PLC is a biopharmaceutical company. It is focused on the commercialization and development of therapeutics to improve cardiovascular health. Its lead product includes Vascepa.
Click Here to get the full Stock Score Report on Amarin Corporation plc (AMRN) Stock.
