ARM Holdings Hurting, Down Over 8% (ARMH)

ARM Holdings plc ARMH shares are getting hurt badly today on strong volume, as shares are off more than 8% on heavy volume. At last check, shares of ARM Holdings were off $2.59 to $29.01, a loss of 8.2% on 5.3 million shares. The average daily volume is around 4.3 million shares, so there is above average selling pressure being seen today. The Nasdaq is down sharply, helping lead the markets lower, and technology stocks are being hit as a result. 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.