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Why Arm Holdings plc Plunged This Week

TheMotleyFool

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Why Arm Holdings plc Plunged This Week: https://g.foolcdn.com/editorial/images/748507/depressed-frustrated-trader-tired-of-overwork-or-stressed-by-bankruptcy.jpg

Shares of Arm Holding plc (NASDAQ: ARM) retreated this week, falling 14.1% on the week through Thursday trading, according to data from S&P Global Market Intelligence.

Arm, which owns one of the two main IP licensing platforms for all computing processors, went public last week on Thursday as the first technology IPO in a long time.

Though the stock surged when going public, ending the week about 19.1% higher than its IPO pricing of $51, this week saw the stock give up basically all of those post-IPO gains, as skeptical analysts (including yours truly) weighed in.

Source Fool.com

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