Large Inflow of Money Witnessed in ARM Holdings plc

ARM Holdings plc (ARMH) : $12.25 million worth of transactions were on upticks in ARM Holdings plc (ARMH), compared to $6.09 million on downticks. The ratio between the two was 2.01, whereas, the net money flow stood at a healthy $6.16 million on Thursdays session. The consistent buying on upticks in the stock accounted for $6.43million worth of trades. The total money flow into the stock stood at $6.43 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.11%. The stock was trading at $43.57, with a drop of $0.05 over the previous days close. The stock recorded -3.37% for the week.


ARM Holdings plc (ARMH) : The consensus price target for ARM Holdings plc (ARMH) is $51.24 for the short term with a standard deviation of $9.38. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $62, however, the pessimist price target for the company is $40. The stock has recorded a 20-day Moving Average of 1.32% and the 50-Day Moving Average is 3.75%.

ARM Holdings plc (NASDAQ:ARMH): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.19 and $43.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.78, notching a gain of 0.37% for the day. The total traded volume was 1,780,674 . The stock had closed at $43.62 on the previous day.

ARM Holdings plc (ARM) is a United Kingdom-based company engaged in designing of microprocessors, physical intellectual property (IP) and related technology and software, and sale of development tools. The Companys offers products, such as 16/32/64-bit RISC microprocessors, data engines, graphics processors, digital libraries, embedded memories, peripherals, software and development tools, as well as analog functions and high-speed connectivity products. The Companys product offering includes microprocessor Cores, physical IP, development tools and support and maintenance services. ARM licenses and sells its technology and products to international electronics companies, which in turn manufacture, market and sell microprocessors, application-specific integrated circuits (ASICs), application-specific standard processors (ASSPs) and microcontrollers (MCUs) based on ARMs technology to systems companies for incorporation into a variety of end products.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *