Arm Holdings Attracts Bearish Bets From Options Traders Following IPO
Portfolio Pulse from Priya Nigam
Arm Holdings plc (NASDAQ:ARM) shares closed lower on Monday amid post-IPO volatility. The company was the 45th busiest single stock option with puts outpacing calls by 2 to 1. There were buyers of more than 11,000 of the October 50-puts at an average price of $1.33 per contract. Bernstein initiated coverage on ARM Holdings with an Underperform rating and a price target of $46.
September 19, 2023 | 12:54 pm
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ARM Holdings shares are experiencing post-IPO volatility, with bearish bets from options traders. Bernstein has initiated coverage with an Underperform rating and a price target of $46.
The news of bearish bets from options traders and an Underperform rating from Bernstein indicates a negative sentiment towards ARM Holdings. This could potentially lead to a decrease in the company's stock price in the short term.
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