Tuesday, 02 January 2024 12:17 GMT

Arm Holdings Draws Investor Interest As Stock Continues To Hover Near 200-DMA After 4 Consecutive Sessions Of Decline


(MENAFN- AsiaNet News)
  • ARM stock up 0.5% in premarket trade on Monday after four successive sessions of declines.
  • Arm's shares have witnessed significant resistance near the $183 mark this year – a level they have nudged but failed to surpass twice this year. 
  • Arm reported revenue of $1.14 billion in Q2, beating the estimated $1.06 billion, according to Stocktwits data.

 

 

After four consecutive sessions of declines, Arm Holdings (ARM) stock is trading near its 200-day moving average (200-DMA) for the first time in two months. The stock traded 0.5% higher in Monday's pre-market.

Arm's 200-DMA | Source: TradingView

In the recent pullback, the stock shed nearly 10% and is currently trading near the $140 mark. Notably, Arm's shares have witnessed significant resistance near the $183 mark this year – a level they have nudged but failed to surpass twice this year. With the stock hovering near its 200-DMA, investors will be eyeing the upcoming sessions for developing trends.

Q2 Results

The chipmaker has been on a downtrend lately, despite posting a better-than-expected second-quarter (Q2) print.

Arm reported revenue of $1.14 billion in Q2, beating the estimated $1.06 billion, according to Stocktwits data. Its royalty revenue climbed 21% to $620 million, driven by higher royalty rates per chip, while its license and other revenue surged 56% to $515 million.

On a non-GAAP basis, the company expects third-quarter revenue of about $1.225 billion (+/- $50 million). Operating expenses are estimated at around $720 million, and an earnings per share (EPS) of $0.41 (+/- $0.04).

How Did Stocktwits Users React?

Retail sentiment on Stocktwits remained in the 'bearish' territory for the past 24 hours. The stock has a short interest of 1.4%, according to Koyfin data.

Arm's Sentiment Meter and Message Volumes at 07:15 a.m. ET on November 17, 2025 | Source: Stocktwits

Tech stocks, in general, have been on a decline despite positive quarterly results and an optimistic outlook. Investors have been sceptical about valuation and the sustainability of growth driven by artificial intelligence.

Arm's stock has gained over 11% year-to-date.

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For updates and corrections, email newsroom[at]stocktwits[dot]com.

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