ARM Holdings plc (ARMH) has risen sharply, recording gains of 38.55% in the past 4 weeks. However, the stock has corrected -1.32% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 37.14% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.11% and the 50-Day Moving Average is 24.61%. ARM Holdings plc (NASDAQ:ARMH): On Fridays trading session , Opening price of the stock was $65.69 with an intraday high of $65.69. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $65.03. However, the stock managed to close at $65.23, a loss of 0.52% for the day. On the previous day, the stock had closed at $65.57. The total traded volume of the day was 1,528,431 shares.
The company Insiders own 3% of ARM Holdings plc shares according to the proxy statements. Institutional Investors own 21.23% of ARM Holdings plc shares. Also, In a research note released to the investors, Berenberg downgrades its rating on ARM Holdings plc (NASDAQ:ARMH).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 26, 2016.
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.