Yesterday, Amarin (NASDAQ: AMRN) lost over 10% of its value in response to a rather harsh report by Oppenheimer analyst Leland Gershell. The key issue that triggered this double-digit sell-off appears to be Gershell's uberbearish prediction that Amarin's stock could drop by as much as 70% to a lowly $7 per share over the next year.
The analyst's reasoning is based on two underlying assumptions:
Here's why investors shouldn't get overly worked up by this bearish analyst report.
Source Fool.com