ARM Holdings plc (ARMH) : Traders are bullish on ARM Holdings plc (ARMH) as it has outperformed the S&P 500 by a margin of 40.38% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 39.39%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 40.25% in the last 1 week, and is up 49.86% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
ARM Holdings plc (NASDAQ:ARMH): The stock opened at $65.81 on Friday but the bulls could not build on the opening and the stock topped out at $66.04 for the day. The stock traded down to $65.71 during the day, due to lack of any buying support eventually closed down at $66.03 with a loss of -0.20% for the day. The stock had closed at $66.16 on the previous day. The total traded volume was 1,761,606 shares.
The stock has recorded a 20-day Moving Average of 34.3% and the 50-Day Moving Average is 46.97%. ARM Holdings plc is up 64.05% in the last 3-month period. Year-to-Date the stock performance stands at 46.79%.
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.