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Why Arm Holdings Stock Was Moving Higher Today

TheMotleyFool

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Why Arm Holdings Stock Was Moving Higher Today

Shares of Arm Holdings (NASDAQ: ARM) were among the winners today, benefiting from a broader recovery in the tech sector and a pair of bullish news items.

First, the Wall Street Journal reported that several PC makers are working with the Arm-based Nvidia-Mediatek system-on-chip (SoC), which could give Arm a greater share of the PC market.

Second, the company got a price target upgrade from Bank of America. As a result, the stock was up 4.4% as of 11:14 a.m. ET.

Source Fool.com

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