JP Morgan Downgrades Amarin Corp to Underweight
JP Morgan analyst Jessica Fye downgrades Amarin Corp (NASDAQ:AMRN) from Neutral to Underweight.
81 Biggest Movers From Yesterday
Gainers
Rail Vision Ltd. (NASDAQ: RVSN) shares climbed 62.4% to close at $2.16 on Wednesday after gaining around 5% on Tuesday.
Mid-Afternoon Market Update: Crude Oil Jumps 5%; Fed Boosts Interest Rates By 0.5%
U.S. stocks traded mixed toward the end of trading, after the Federal Reserve announced its policy decision.
Why Amarin Shares Are Plunging After Q1 Earnings
Amarin Corporation plc (NASDAQ: AMRN) shares are plunging after it said it would continue suspending 2022 revenue guidance and Q1 earnings came short of expectations.
Amarin Corp Q1 Adj. EPS $(0.06) Misses $(0.02) Estimate, Sales $94.60M Miss $128.37M Estimate
Amarin Corp (NASDAQ:AMRN) reported quarterly losses of $(0.06) per share which missed the analyst consensus estimate of $(0.02) by 200 percent. The company reported quarterly sales of $94.60 million which missed the
Earnings Scheduled For May 4, 2022
Companies Reporting Before The Bell
• Seres Therapeutics (NASDAQ:MCRB) is estimated to report quarterly loss at $0.52 per share on revenue of $8.48 million.
Stocks That Hit 52-Week Lows On Tuesday
During Tuesday's session, 454 stocks hit new 52-week lows.