Movement Alert|ARM Holdings Falls 3.78% in Pre-Market Trading, Multiple Institutions Cut Target Prices Ahead of Earnings Release

Market Focus
Jul 29

On July 29, ARM Holdings fell 3.78% in pre-market trading, trading at 242.13 USD/share, with turnover of $2.2847 million. The stock extended its multi-day selloff ahead of its post-market earnings release scheduled for today.

On the news front, several major sell-side institutions have recently issued concentrated valuation downgrades: Wells Fargo cut its target price from $410 to $350, UBS lowered its target from $470 to $360 while maintaining a Buy rating, and HSBC downgraded ARM from Buy to Hold. The stock plunged 5.45% on July 28 amid a broader semiconductor sector rout, with the Philadelphia Semiconductor Index falling 4.7% on the same day. Short-term selling pressure has yet to fully dissipate, and pre-market trading continued the weak trend.

ARM is expected to report quarterly revenue of $1.262 billion, representing 19.44% year-over-year growth, with adjusted EPS of $0.40. The earnings window has amplified wait-and-see sentiment among investors.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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