Amarin Corporation (AMRN) soars 2.97% on earnings beat, technical breakthrough

Amarin Corporation (AMRN) shares surged 2.97% today, marking the second consecutive day of gains, with a total increase of 4.08% over the past two days. The stock price reached its highest level since February 2020, with an intraday gain of 3.39%.

Amarin's recent stock price increase can be attributed to several key factors. On June 24, 2025, the company's stock crossed above the 200-day moving average, a significant technical indicator suggesting a potential positive momentum in the stock's performance. This technical breakthrough has likely attracted investors looking for stocks with strong upward trends.

Additionally, Amarin's quarterly earnings report showed a smaller-than-expected loss, with an EPS of ($0.04) beating analysts' consensus estimates of ($0.06). This better-than-anticipated financial performance has bolstered investor confidence in the company's ability to manage its operations and potentially turn a profit in the future. The positive earnings surprise has likely contributed to the recent upward movement in Amarin's stock price.

Overall, the combination of technical indicators and strong financial performance has driven Amarin's stock price higher, making it an attractive option for investors seeking growth opportunities in the biotechnology sector.