Arm Holdings plc. ADR’s filing revealed that its Officer Collins Spencer acquired Company’s shares for reported $7.43 million on Sep 16 ’24. In the deal valued at $143.00 per share,51,960 shares were bought.
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Then, Gill Kirsty bought 20,000 shares, generating $2,650,000 in total proceeds.
Before that, Gill Kirsty bought 10,000 shares. Arm Holdings plc. ADR shares valued at $1,270,000 were divested by the Officer at a price of $127.00 per share.
The Benchmark Company initiated its Arm Holdings plc. ADR [ARM] rating to a Hold in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in mid September with a ‘”an Outperform”‘ rating. Daiwa Securities also remained covering ARM and has increased its forecast on August 08, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Bernstein revised its rating on August 07, 2024. It rated ARM as “a Mkt perform” which previously was an “an Underperform”.
Price Performance Review of ARM
On Tuesday, Arm Holdings plc. ADR [NASDAQ:ARM] saw its stock fall -1.13% to $136.84. Over the last five days, the stock has gained 7.56%. Arm Holdings plc. ADR shares have risen nearly 82.10% since the year began. Nevertheless, the stocks have risen 125.25% over the past one year. While a 52-week high of $188.75 was reached on 07/09/24, a 52-week low of $46.50 was recorded on 01/03/24. SMA at 50 days reached $139.01, while 200 days put it at $117.67.
Levels Of Support And Resistance For ARM Stock
The 24-hour chart illustrates a support level at 134.58, which if violated will result in even more drops to 132.32. On the upside, there is a resistance level at 140.80. A further resistance level may holdings at 144.76. The Relative Strength Index (RSI) on the 14-day chart is 52.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 37.38%. Stochastics %K at 74.13% indicates the stock is a holding.
How much short interest is there in Arm Holdings plc. ADR?
A steep rise in short interest was recorded in Arm Holdings plc. ADR stocks on 2024-08-30, dropping by -2.09 million shares to a total of 13.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 15.51 million shares. There was a decline of -15.59%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 01, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $150.
