Why Amarin Stock Is Tumbling Today

·2-min read
Why Amarin Stock Is Tumbling Today

Shares of Amarin (NASDAQ: AMRN) were tumbling 5.5% lower as of 10:40 a.m. EDT on Wednesday after falling as much as 7.2% earlier in the session. The decline came after Goldman Sachs downgraded the stock from a neutral rating to sell and slashed its price target from $6 per share to $5. In this case, Goldman Sachs analyst Paul Choi thinks that Amarin will experience significant pressure on U.S. Vascepa sales due to generic competition.