Options on the newly listed shares of SoftBank's Arm Holdings , the year's biggest initial public offering, started trading on Monday, at a brisk pace, as a drop in the share price prompted investors to take guard.
, started trading on Monday, at a brisk pace, as a drop in the share price prompted investors to take guard.Some 29,000 Arm options contracts changed hands by 11:45 a.m. on Monday, the first day options were available for trading, with volume projected to hit 63,000 by the end of the day, according to options analytics service Trade Alert.
"The volume is robust," said Ophir Gottlieb, chief executive of Los Angeles-based Capital Market Laboratories. "The stock has fallen quickly. ... There is substantial selling pressure; put action could be speculations on further downside," Gottlieb said.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Arm Holdings options draw robust trading volume as shares slide By ReutersArm Holdings options draw robust trading volume as shares slide
Leer más »
These Stocks Are Moving the Most Today: Arm Holdings, Chevron, GM, and Ford.The United Auto Workers strike at three car plants was having a mixed reaction on auto stocks, while chip design company Arm holdings lost some of Friday's...
Leer más »
Midday movers: Arm Holdings, Micron, Clorox and more By Investing.comMidday movers: Arm Holdings, Micron, Clorox and more
Leer más »
CEO of Naspers and Prosus Steps DownSouth Africa’s most valuable listed company appoints former SoftBank executive as its interim chief.
Leer más »
CEO of Naspers and Prosus Steps DownSouth Africa’s most valuable listed company appoints former SoftBank executive as its interim chief.
Leer más »
All Romance Options In Starfield, RankedIs romance truly in the stars for you?
Leer más »