ARM Holdings plc (NASDAQ:ARMH) has climbed 2.44% in the past week and advanced 2.79% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.67% and the outperformance has advanced to 1.85% for the last 4 weeks period.
ARM Holdings plc (NASDAQ:ARMH): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.94 and $41.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.96, notching a gain of 0.17% for the day. The total traded volume was 2,098,594 . The stock had closed at $41.89 on the previous day.
The company shares have dropped -21.91% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $54.41 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $41.62 and the 200 Day Moving Average price is recorded at $42.81.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Jefferies downgrades its rating on ARM Holdings plc (NASDAQ:ARMH). The rating major has initiated the coverage with hold rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on April 18, 2016. Currently the company Insiders own 3% of ARM Holdings plc shares according to the proxy statements. Institutional Investors own 21.86% of ARM Holdings plc shares.
ARM Holdings plc (ARM) is a United Kingdom-based company engaged in designing of microprocessors, physical intellectual property (IP) and related technology and software, and sale of development tools. The Companys offers products, such as 16/32/64-bit RISC microprocessors, data engines, graphics processors, digital libraries, embedded memories, peripherals, software and development tools, as well as analog functions and high-speed connectivity products. The Companys product offering includes microprocessor Cores, physical IP, development tools and support and maintenance services. ARM licenses and sells its technology and products to international electronics companies, which in turn manufacture, market and sell microprocessors, application-specific integrated circuits (ASICs), application-specific standard processors (ASSPs) and microcontrollers (MCUs) based on ARMs technology to systems companies for incorporation into a variety of end products.