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Arm's stock falls again, sheds $8 billion in market value in 3 days

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After a strong debut, investor interest in Arm has faded, as the semiconductor design company's stock was headed for a third-straight loss on Tuesday.

After a strong debut, investor interest in Arm Holdings PLC has faded, as the semiconductor design company’s stock was headed for a third-straight loss on Tuesday.The company, which went public four sessions ago, closed its first day at $63.59, or 24.7% above where the initial public offering priced at $51 a share. That was also well above where the stock first traded around noon that day, at $56.10.

With about 1.03 billion shares outstanding after the IPO, the stock’s decline the past three days has erased about $8.18 billion in market capitalization, knocking the market cap down to $57.07 billion.

 

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