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.
William Blair initiated its Arm Holdings plc. ADR [ARM] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in mid September with a ‘”a Hold”‘ rating. Raymond James began covering ARM with “an Outperform” recommendation on September 13, 2024. Daiwa Securities revised its rating on August 08, 2024. It rated ARM as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of ARM
On Tuesday, Arm Holdings plc. ADR [NASDAQ:ARM] saw its stock jump 1.60% to $143.60. Over the last five days, the stock has gained 5.53%. Arm Holdings plc. ADR shares have risen nearly 91.10% since the year began. Nevertheless, the stocks have risen 165.53% 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 $131.58, while 200 days put it at $123.36.
Levels Of Support And Resistance For ARM Stock
The 24-hour chart illustrates a support level at 141.57, which if violated will result in even more drops to 139.54. On the upside, there is a resistance level at 144.94. A further resistance level may holdings at 146.28. The Relative Strength Index (RSI) on the 14-day chart is 55.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.87%. Stochastics %K at 46.10% 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 2024-09-13, dropping by -3.71 million shares to a total of 13.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 17.27 million shares. There was a decline of -27.38%, which implies that there is a negative sentiment for the stock.
