Release

Today’s Research Reports on Trending Tickers: Amarin and Immunomedics

U.S. equities remained bearish on Thursday as worries over rising interest rate and sell-off in technology shares pressure major markets to lower. The Dow Jones Industrial Average declined 2.13 percent to close at 25,052.83, losing 1,378 points in 2 days. S&P 500 Index decreased 2.06 percent to close at 2,728.37 and the Nasdaq Composite Index closed down 1.25 percent to close at 7,329.06. All major indexes finished below their 200-day moving average.

The market losses are “a reaction from investors finally realizing we are in a higher interest-rate environment, and given the elevated level of stocks, market participants were likely looking for a reason to sell,” said Charlie Ripley, senior investment strategist for Allianz Investment Management. “Higher interest rates typically bring on tighter financial conditions which could dampen growth going forward and equity markets are reacting to that.” He added, “we are witnessing the repercussions in the markets as the Fed takes the punch bowl away from the party.”

RDI Initiates Coverage on:

Amarin Corporation plc
https://rdinvesting.com/news/?ticker=AMRN

Immunomedics, Inc.
https://rdinvesting.com/news/?ticker=IMMU

Amarin’s stock jumped 11.39% Thursday, to close the day at $19.31. The stock recorded a trading volume of 19,719,740 shares, which was above its three months average volume of 12,603,763 shares. In the last year, Amarin’s shares have traded in a range of 2.35 – 20.50. The share price has gained 721.7% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $7.99 is above its 200-day moving average of $4.26. Shares of Amarin have gained roughly 505.33 percent in the past month and are up 381.55 percent year-to-date.

Access RDI’s Amarin Corporation plc Research Report at:
https://rdinvesting.com/news/?ticker=AMRN

On Thursday, shares of Immunomedics recorded a trading volume of 2,172,579 shares, which was above the three months average volume of 1,569,467 shares. The stock ended the day 4.3% higher at $20.61. The share price has fallen 24.59% from its 52 week high with a 52 week trading range of 8.68 – 27.33. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $22.68 is above its 200-day moving average of $21.58. Shares of Immunomedics have fallen roughly 15.53 percent in the past month and are up 27.54 percent year-to-date.

Access RDI’s Immunomedics, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=IMMU

Our Actionable Research on Amarin Corporation plc (NYSE:AMRN) and Immunomedics, Inc. (NASDAQ:IMMU) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Email:

[email protected]

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.