Arm Holdings plc. ADR’s recent filing unveils that its Officer Child Jason acquired Company’s shares for reported $2.75 million on Nov 21 ’24. In the deal valued at $136.50 per share,20,160 shares were bought.
Then, Child Jason bought 20,160 shares, generating $2,993,760 in total proceeds.
Before that, Collins Spencer bought 51,960 shares. Arm Holdings plc. ADR shares valued at $7,430,280 were divested by the Officer at a price of $143.00 per share.
UBS initiated its Arm Holdings plc. ADR [ARM] rating to a Buy in a research note published on November 25, 2024; the price target was $160. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late November with a ‘”an Overweight”‘ rating. TD Cowen also remained covering ARM and reiterated its “Buy” recommendation on November 07, 2024. Bernstein revised its rating on October 31, 2024. It rated ARM as “an Underperform” which previously was an “a Mkt perform”.
Price Performance Review of ARM
On Tuesday, Arm Holdings plc. ADR [NASDAQ:ARM] saw its stock fall -2.06% to $144.38. Over the last five days, the stock has gained 14.67%. Arm Holdings plc. ADR shares have risen nearly 17.04% since the year began. Nevertheless, the stocks have risen 115.33% over the past one year. While a 52-week high of $188.75 was reached on 01/06/25, a 52-week low of $66.66 was recorded on 01/02/25. SMA at 50 days reached $138.74, while 200 days put it at $135.81.
Levels Of Support And Resistance For ARM Stock
The 24-hour chart illustrates a support level at 140.22, which if violated will result in even more drops to 136.05. On the upside, there is a resistance level at 148.50. A further resistance level may holdings at 152.61. The Relative Strength Index (RSI) on the 14-day chart is 57.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.31%. Stochastics %K at 71.32% 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 2024-12-13, dropping by -1.47 million shares to a total of 12.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 13.91 million shares. There was a decline of -11.83%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 18, 2024 when William Blair began covering the stock and recommended ‘”an Outperform”‘ rating .
