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Watch These Arm Stock Price Levels as Selloff Accelerates After Downgrade
ARMArm plc(ARM) Investopedia·2024-07-30 02:06

Key TakeawaysShares in chip design giant Arm Holdings tumbled more than 5% on Monday after receiving a downgrade from HSBC, accelerating their retreat from a record high earlier this month.Arm shares have retraced around 24% from their record close, though the move has occurred on relatively light trading volume, indicating the shares could be undergoing a pullback rather than a longer-term reversal.The stock may find support at key chart levels including $145, $117, and $79.A bars pattern that transport th ...