Bernstein Downgrades ARM Holdings To Underperform

Analysts at Bernstein downgraded ARM Holdings plc (ADR) ARMH from Market Perform to Underperform. ARM Holdings shares have gained 19.11 percent over the past 52 weeks, while the S&P 500 index has surged 7.21 percent in the same period. ARM Holdings' shares fell 2.82 percent to $52.34 in pre-market trading.