Let's give it a week before we start calling this increase a direct result of the ruling. If we see a similar result next week I will look for the percentage of increase to grow each week. The new market is much bigger and it's not unreasonable to say we could see sales increase by fivefold.
I'm thinking this means there aren't any significant events happening in the near future that is known only to the board. Not a negative. Script growth is the near term catalyst.
Not sure what your last paragraph is meant to convey. If you think this ruling is insignificant you are mistaken.
I don't think its desperation. There is a big effort to kill this company. The FDA was obviously bought off and were/are part of the effort. People might think that's far fetched but look at the facts. Nothing else makes sense. Several hundred posts dedicated to management not wanting to sell for less than $30. That fact is probably what #$%$ off the companies trying to buy AMRN but why can't you ask a price and stick to it? You don't want to pay then move on. What the FDA did is criminal and someone should be out in jail but I'm sure that will never happen. This country is in decline and that's an example of the corruption that is a part of it.
Anyway.....I own a lot of this company. The drug is an absolute no brainer. This court case was a huge win. There will be lots of posts such as the original one to this thread that are simply paid brasher posts. They are not desperate. Just doing their job.
I guess we will see who wins.
Amarin Corporation PLC (NASDAQ:AMRN): 2 Analyst have given the stock of Amarin Corporation PLC (NASDAQ:AMRN) a near short term price target of $8. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $2.83. The higher price target estimate is at $10 while the lower price estimates are fixed at $6. The company shares have rallied 59.73% in the past 52 Weeks. On March 16, 2015 The shares registered one year high of $3.33 and one year low was seen on November 11, 2014 at $0.78. The 50-day moving average is $2.4 and the 200 day moving average is recorded at $1.91. S&P 500 has rallied 7.62% during the last 52-weeks.
That's highly improbable even if nothing happens. Expect one more big news item prior to earnings. Thats almost a certainty and then we are off to the races......for good.