Arm Holdings plc is experiencing a notable pre-market rise following the announcement that it will be added to the Nasdaq-100 Index, as well as several other Nasdaq indices, effective prior to the market opening on June 24, 2024. This inclusion is significant as it often leads to increased visibility and demand for a company's stock, as index funds and ETFs that track these indices will need to purchase shares of Arm Holdings to replicate the index composition. The announcement was made on June 13, 2024, at 8:00 PM ET, and it marks a strategic shift for Arm Holdings, replacing Sirius XM Holdings Inc. in these indices.
The current price of Arm Holdings plc is $151.48, reflecting a 2.35% increase from the previous close of $148.00.