Amarin Corporation - Daily Trading Update

Posted on 09/13/2012 by Allen Bersch

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NEW YORK (AVAFIN) -- Block trades serve as a useful indicator for investors trying to understand the sentiment of large financial institutions. Today, a total of 24 block trades were recorded, typically at least 10,000 shares of stock or more represent a single block unit. Further examination shows that the bought value of the shares was $3,225,163 versus the sold value of $3,803,258. The negative cash flow of $,578,095 out of the stock shows that investors have bearish sentiment.

A deeper look into options trading also reveals that traders hedged their positions with options where 7,145 put and 23,638 call contracts exchanged hands leading to a 0.30 put/call ratio.

Shares of Amarin Corporation edged up $0.87 (+6.53%) to $14.19. The price of the stock ranged between a low of $13.35 and $14.28 respectively. The trading volume of 7M is above the 90 day average volume of 6M shares. AMRN is trading above the 50 day moving average. The stock's 52 week low is $5.99 and 52 week high is $15.96. Within the last month, shares of AMRN have gained 14.73% of their value.

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