Arm Stock Slides as Post-IPO Retreat Continues

Shares of chip designer Arm Holdings continued their retreat Monday, following a red-hot start to trading last week.

The shares were recently off 7% at below $57—having traded as high as $69 intraday last week in the wake of Thursday’s IPO.

Arm priced at $51 and opened trading at around $56. Its shares moved below that open price intraday Monday, according to FactSet.

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