- 1 ARM is trading as an American Depository Share (ADS) and the stock’s average volume for the last 10 days is 7.379 Million.
- 2 Arm Holdings plc (NASDAQ: ARM) had a successful IPO on NASDAQ on 14th September, raising $4.87 Billion.
Arm Holdings plc is a subsidiary of Kronos II LLC that designs and licenses CPU products and related technologies for semiconductor and OEM companies. ARM’s products are used in various markets such as automotive, computing, consumer, and IoT. The Arm Holdings plc (ARM) stock was founded in the year 1990 and is based and operating in Cambridge, UK. It operates globally, especially in the US, China, Taiwan, and South Korea.
Mr. Rene Haas is the CEO and Director of Arm Holdings plc since February 2022. He also served as the Director of SoftBank Group Corp. since June 2021 and as Director of Mythic Inc. He has been the President of IP Product Groups (IPG) at Arm since January 2017. He oversees the global sales and marketing of Arm’s intellectual property products.
Mr. Haas has over 30 years of experience in the semiconductor industry. He joined Arm in 2013 as Vice President of Strategic Alliances. Before that, he worked at NVIDIA as Vice President and General Manager of its Computing Products Business. He also held various sales and engineering roles at Scintera Networks, Tensilica, NEC, Texas Instruments, and Xerox Corp.
Arm Holdings, a UK-based chip designer owned by SoftBank, had a successful IPO on NASDAQ on 14 September, raising $4.87 Billion. However, many retail investors could not buy its shares in their ISA stocks and shares accounts, due to a technicality.
ARM is trading as an American Depository Share (ADS), which means the actual shares are held in trust and the securities are only representative. This does not qualify for ISA regulations, which require the underlying shares to be individually listed.
Arm’s IPO attracted investor interest due to its technology which is used in various devices such as TVs, smartphones, and smart cars. The ARM firm has a wide range of practical applications, a deep intellectual property moat, and has established partnerships with key industry players.
The ARM stock has a CMP of $52.51 and an intraday loss of 1.78%. The Arm Holdings plc. stock’s average volume for the last 10 days is 7.379 Million and its current volume is 2.984 Million. Moreover, the ARM stock has a market cap of $54.853 Billion.
Arm Holdings debuted on NASDAQ on 14 September 2023, reaching a high of $69 and a low of $49 on the daily chart. The stock is now trading near a support level.
The stock could fall further if it breaks below the current level and $52 which could lead to a target of $50. Alternatively, if the stock sustains and gains strong buying momentum, it could rise above $54, triggering a rally above $55 or higher.
ARM Stock Price Technical Analysis in 1-D Timeframe
Arm Holdings plc (NASDAQ: ARM) indicates that the traders and investors of the stock price are uncertain on the 1-D time frame. At the time of publishing, the price action shows an uncertain outlook. Arm Holdings is a global chip designer that had a successful IPO on NASDAQ, but its shares are not ISA (individual savings account) eligible. The company has a strong technology portfolio and market position. The stock is trading near a support level and could move up or down depending on the momentum.
Support Levels: $52 and $50
Resistance Levels: $54 and $55
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With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.