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(ARMH)

YHD - YHD Delayed Price. Currency in USD
- (-)
At close: 06:07PM EDT
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  • Reuters

    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.

  • Reuters

    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.