The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Arm Holdings plc. ADR shares valued at $2,993,760 were purchased by Child Jason on Nov 08 ’24. At $148.50 per share, Child Jason acquired 20,160 shares.
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Also, Collins Spencer purchased 51,960 shares, netting a total of over 7,430,280 in proceeds.
Before that, Gill Kirsty had added 20,000 shares to its account. In a trade valued at $2,650,000, the Officer bought Arm Holdings plc. ADR shares for $132.50 each.
As published in a research note from TD Cowen on November 07, 2024, Arm Holdings plc. ADR [ARM] has been retained to a Buy and the price target has been revised to $165. Analysts at Bernstein downgraded the stock from ‘”a Mkt perform”‘ to ‘”an Underperform”‘ outlook in a report released in late October. As of September 18, 2024, William Blair has initiated its “an Outperform” rating for ARM. Earlier on September 16, 2024, The Benchmark Company initiated its rating. Their recommendation was “a Hold” for ARM stock.
Analyzing ARM Stock Performance
During the last five days, there has been a drop of approximately -9.49%. Over the course of the year, Arm Holdings plc. ADR shares have jumped approximately 81.45%. Shares of the company reached a 52-week high of $188.75 on 07/09/24 and a 52-week low of $65.11 on 01/03/24. A 50-day SMA is recorded $143.37, while a 200-day SMA reached $133.46.
Support And Resistance Levels for Arm Holdings plc. ADR (ARM)
According to the 24-hour chart, there is a support level at 134.50, which, if violated, would cause prices to drop to 132.66. In the upper region, resistance lies at 138.49. The next price resistance is at 140.64. RSI (Relative Strength Index) is 42.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.07, which suggests the price will decrease in the coming days. Percent R is at 93.23%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
