YHD - Delayed Quote • USD (ARMH) Follow - - (-) At close: June 28 at 6:07 PM EDT All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Arm dips below IPO price as short sellers circle Arm Holdings' stock on Thursday dipped for the first time below its initial public offering price, while short sellers appeared to be betting against the chip designer just a week after its Wall Street debut. Dropping for a fifth straight session, shares of SoftBank-controlled Arm closed down 1.4% at $52.16 after sinking as low as $49.85, well below the $51 price set in its IPO on Sept. 13. Shares of Klaviyo which debuted on Wall Street on Wednesday, finished up 2.9% at $33.72 versus the marketing automation firm's $30 IPO price. Arm Holdings shares extend declines, down fourth session in a row Shares of Arm Holdings fell for a fourth straight session on Wednesday after the chip designer's stellar market debut last week, with short seller interest picking up. Grocery delivery app Instacart went public on Tuesday and marketing automation company Klaviyo opened on Wednesday 22.5% above its IPO price. Shares of Instacart, formally known as Maplebear, were last down 5.9% at $31.71.
