Arm stock soars on debut, Nvidia rises, AMC and HP fall, and more movers

by user


Here are some of the biggest stock movers Thursday:

Stock gainers:

Arm Holdings PLC’s stock
ARM,
+14.57%

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,
+0.99%

rose 1.1%. The chipmaker is among a host of companies investing in Arm at the IPO price.

Semtech Corp. shares
SMTC,
+9.88%

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,
+5.66%

and Carnival Corp.
CCL,
+3.79%

rose 5.1% and 3.6%, respectively, after they were upgraded by a Redburn Atlantic analyst.

Stock decliners:

AMC Entertainment Holdings Inc.
AMC,
-1.15%

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,
-2.35%

fell more than 2% after Berkshire Hathaway
BRK.A,
+0.38%

BRK.B,
+0.38%

sold 5.5 million shares of the PC and printer maker, according to a Securities and Exchange Commission filing late Wednesday.



Source link

Related Posts

Leave a Review

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy