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Here are some of the biggest stock movers Thursday:
Stock gainers:
Arm Holdings PLC’s stock
ARM,
soared nearly 18% Thursday as the U.K.-based semiconductor design company made its eagerly-anticipated Wall Street debut. Late Wednesday, Arm priced shares at $51 each, towards the top end of the expected range.
Shares of Taiwan Semiconductor Manufacturing Co.
TSM,
rose 1.1%. The chipmaker is among a host of companies investing in Arm at the IPO price.
Semtech Corp. shares
SMTC,
fell as much as 6% after the analog and mixed-signal chip maker forecast a loss for the current quarter while Wall Street had expected a profit. The stock then rallied, rising 6.4%.
Shares of Norwegian Cruise Line Holdings Ltd.’s
NCLH,
and Carnival Corp.
CCL,
rose 5.1% and 3.6%, respectively, after they were upgraded by a Redburn Atlantic analyst.
Stock decliners:
AMC Entertainment Holdings Inc.
AMC,
stock rose in premarket trades before falling 1.5% after the movie theater chain and meme stock darling announced the completion of its at-the-market equity offering, raising approximately $325.5 million.
HP Inc. shares
HPQ,
fell more than 2% after Berkshire Hathaway
BRK.A,
BRK.B,
sold 5.5 million shares of the PC and printer maker, according to a Securities and Exchange Commission filing late Wednesday.
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