Why Arm Holdings plc Plunged This Week
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