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Amarin Stock Verdict
If you are on the fence about Amarin stock, here’s another data point to consider. Amarin’s President and CEO, John Thero, sold 200,000 shares of Amarin stock earlier this month at $16 each, bringing in a cool $3.2 million. Given that Amarin stock was trading above $20 for much of the past few months, it’s not particularly encouraging to see the CEO dump a big block of stock down at $16. As the stock is subsequently down to $10 now, it was admittedly a timely sale, however.
Still, after all the trials and tribulations Amarin has faced, you’d much rather see insiders buying, rather than dumping the stock. Particularly with several catalysts supposedly on the horizon, and a major ramp-up of the sales effort for Vascepa, this could be a positive inflection point for the company.
Despite that, however, insiders are not rushing to snap up Amarin stock. You may want to keep that in mind before doubling down on your positions in it, either.
CLF is back in the $2’s again...
Just out, JPM’s new GDP estimate for Q1: -4%
It may not be the end of Western Civilization’s financial well-being, but it may be close.......
Untouchable now..
So far behind where we should be:
Staggering. If Trump knew this was a pandemic all along - He knowingly undercut our ability to save people from dying. Staggering how bad the leadership is... staggering. https://t.co/mZwA2waYCv
— Mika Brzezinski (@morningmika) March 18, 2020
RDS.b 15%+ dividend yield has to go, and should go soon..
The ten year US Treasury yield just jumped 20% this morning from 1% to 1.2%. Disaster. The huge deficits that they are creating is finally coming home to roost. No more safe haven.
Another $500 billion in open market action, and another $850 billion in business assistance, and $50 billion for the airlines, and the markets now turn negative. I think they lost it.....
$9’s now? Unbelievable
S&P downgrades Exxon one notch. It had to happen....
They could have delayed disclosing of stopping in the growth of the salesforce until after the ruling. Don’t like it.
Announcing this salesforce full stop just before the ruling is disturbing to me.
AMRN will pause its field salesforce until March 30 due to COVID-19. Q1 was tracking in line though there was debate on seasonality vs demand deceleration w/ scripts recently. Like other quarters all across Wall Street, Q1-Q2 are going to be impacted but stock already reflect a lot of this given pullback. We acknowledge upcoming legal decision is imminent & have written that risk/reward changed ST given market volatility now.
This one is finished...
Filing of rolling submission.. no help in this market. This will rip your face off if you are on margin
Even gold is being destroyed.
Those are trucks loaded with Charmin no doubt...
That is a good question..
In $9’s before it is over..
Bid at $12.55.
Inversor86, for how long they think?
What about the retirees? Trump pitched 0% payroll tax rate for the rest of this year, White House officials say https://www.cnbc.com/2020/03/10/trump-pitched-0percent-payroll-tax-rate-for-the-rest-of-this-year-white-house-officials-say.html?
Do you all think they will be closing the Disney theme parks relatively soon??
OXY slashes dividend from $.79 to $.11 per quarter. To be followed by the majors..
Both the Saudi and Russian economies would be severely harmed by crude at these prices for any length of time, so It would seem to me this will be a short term event. A joint communiqué would take it out if the crisis mode. Oil will remain damaged goods however...
jbog, good call.. $20 oil.
OPEC deal collapse sparks price war: '$20 oil in 2020 is coming' https://www.cnbc.com/2020/03/08/opec-deal-collapse-sparks-price-war-20-oil-in-2020-is-coming.html?
Unintended consequences..
Should quickly bring the Ruskies to the table.
“Saudis Plan Big Oil Output Hike, Beginning All-Out Price War”
Didn’t expect this. Going to create a surge in unemployment in the oil patch here in US. Which banks are most exposed to the sector?
Zardiw, thanks. This one works..
Links don’t seem to launch.
No more $2’s fortunately...
Bushwacked!!
No OPEC deal. Oil complex down 8%_9%
Will be a game changer for NEP. Higher ROI..
https://pv-magazine-usa.com/2020/03/05/how-will-the-new-generation-of-500-watt-panels-shape-the-solar-industry/
Putin must have some Japanese ancestry in his DNA after all as if he doesn’t join the cartel’s oil production cut, oil prices are going to plunge even more..he will symbolically be falling on his sword.. He is in a lose-lose..
This news and the collapse of lithium batteries is a game changer. > 500 watt solar panels now available
https://pv-magazine-usa.com/2020/03/05/how-will-the-new-generation-of-500-watt-panels-shape-the-solar-industry/
10 year US Treasury: .772%
OPEC just announced a 1.5 million barrel a day production cut. Bullish for American producers and pipelines. Never thought I would see the day that OPEC would surrender so much market share..