Updated 12 hours ago
Arm Stock Loses Steam in Friday Trading
By
Anna Hirtenstein
, Reporter
Can Arm shares build on the surge that accompanied the chip designer’s stock-market debut Thursday? As of late Friday, it doesn’t look that way.
Arm shares were recently down about 2% after spending much of the session in the green.
The stock gyrated premarket, jumping roughly 10% before handing back most of those gains.
The shares had popped 25% in regular trading Thursday, after the initial public offering was priced a day earlier at $51.