Why Amarin Stock Is on the Mend Today

Shares of the Irish biopharma Amarin Corp. (NASDAQ: AMRN) rose by as much as 11.9% in early action Wednesday morning. While the company didn't release any news that would spark this double-digit rally today, Amarin's shares have been gaining favor among a number of Wall Street analysts and bargain hunters ever since the company's cliff dive at the end of March.

In fact, Amarin's stock is up by almost 40% since hitting a multiyear low at the end of March. The biopharma's shares have cooled off a bit since their red-hot start to Wednesday's trading session, but they're still up by a healthy 10.3% on higher-than-normal volume, as of 11:41 a.m. EDT.

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Source Fool.com