Arm Holdings plc. ADR’s recent filing unveils that its Officer Child Jason acquired Company’s shares for reported $2.99 million on Nov 08 ’24. In the deal valued at $148.50 per share,20,160 shares were bought.
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Then, Collins Spencer bought 51,960 shares, generating $7,430,280 in total proceeds.
Before that, Gill Kirsty bought 20,000 shares. Arm Holdings plc. ADR shares valued at $2,650,000 were divested by the Officer at a price of $132.50 per share.
TD Cowen reiterated its Arm Holdings plc. ADR [ARM] rating to a Buy in a research note published on November 07, 2024; the price target was $165. A number of analysts have revised their coverage, including Bernstein’s analysts, who decreased its forecast for the stock in late October from “a Mkt perform” to “an Underperform”. William Blair began covering ARM with “an Outperform” recommendation on September 18, 2024. The Benchmark Company started covering the stock on September 16, 2024. It rated ARM as “a Hold”.
Price Performance Review of ARM
On Tuesday, Arm Holdings plc. ADR [NASDAQ:ARM] saw its stock jump 3.42% to $133.06. Over the last five days, the stock has lost -4.90%. Arm Holdings plc. ADR shares have risen nearly 77.07% since the year began. Nevertheless, the stocks have risen 141.97% over the past one year. While a 52-week high of $188.75 was reached on 07/09/24, a 52-week low of $55.27 was recorded on 01/03/24. SMA at 50 days reached $143.78, while 200 days put it at $134.34.
Levels Of Support And Resistance For ARM Stock
The 24-hour chart illustrates a support level at 129.40, which if violated will result in even more drops to 125.74. On the upside, there is a resistance level at 135.21. A further resistance level may holdings at 137.36. The Relative Strength Index (RSI) on the 14-day chart is 42.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.31%. Stochastics %K at 12.61% indicates the stock is a buying.
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 2024-10-31, dropping by 54746.0 shares to a total of 14.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 14.53 million shares. There was a decline of -0.38%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 13, 2024 when Raymond James began covering the stock and recommended ‘”an Outperform”‘ rating along with a $160 price target.
