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

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.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5 things to know before the stock market opens TuesdayHere are the most important news items that investors need to start their trading day.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market TuesdayThe Dow, the S&P 500 and the Nasdaq are set for a muted open.
Source: CNBC - 🏆 12. / 72 Read more »

These Stocks Are Moving the Most Today: Arm Holdings, Chevron, GM, and Ford.The United Auto Workers strike at three car plants was having a mixed reaction on auto stocks, while chip design company Arm holdings lost some of Friday's...
Source: MarketWatch - 🏆 3. / 97 Read more »