Why Arm Holdings Stock Was Sliding Today
Shares of Arm Holdings (NASDAQ: ARM) were among several AI stocks that were pulling back as momentum in the high-flying sector fades following a blistering rally so far this year. Arm also faces a key test tomorrow as its post-IPO lockup period will expire, meaning that insiders will be able to sell Arm shares that had previously been off-limits.
As of 11:25 a.m. ET, the stock was down 2.7%.
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Source Fool.com
