Arm Holdings plc (ARM) is experiencing a notable rise in its stock price today, driven by increased call volume that is directionally bullish. This heightened activity suggests that investors are optimistic about the stock's future performance. Additionally, the stock has been the subject of positive analyst sentiment, with Evercore ISI recently raising its target price and Wells Fargo & Company initiating coverage with an "overweight" rating. These developments have likely contributed to the upward momentum in ARM's stock.
As of 3:16 pm on Monday, Arm Holdings plc's stock is trading at $140.54, reflecting a 4.65% increase from its previous close of $134.29.