Sheaff Brock Investment Advisors LLC Acquires New Stake in Arm Holdings plc (NASDAQ:ARM)

Market Beat
2024.07.27 00:27
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Sheaff Brock Investment Advisors LLC has acquired a new stake in Arm Holdings plc, according to its recent filing with the SEC. The institutional investor purchased 6,310 shares of the company's stock, valued at approximately $789,000. Other hedge funds have also added or reduced their stakes in the company. ARM's stock price traded down 0.14 during trading on Friday. The company reported strong earnings results for the quarter. Several equities analysts have commented on ARM shares, with a consensus rating of "Moderate Buy" and an average target price of $109.08.