ARM Holdings Down More Than 1% (ARMH)

Just one day after Merrill Lynch said to buy shares of ARM Holdings ARMH on valuation, shares are falling 1.4% to $27.77, a loss of 40 cents. Merrill Lynch upgraded the stock to Buy from Neutral. ARM Holdings plc designs microprocessors, physical intellectual property (IP), and related technology and software, as well as sells development tools to enhance the performance of high-volume embedded applications.