Arm stock set for earnings week after CEO sale notice and chip selloff
Arm’s U.S.-listed ADRs fell 2.8% to $105.36 Friday as chip stocks slid and the PHLX Semiconductor Index lost 3.9%. CEO Rene Haas filed to sell 6,152 shares, worth about $654,000. Investors await Arm’s fiscal third-quarter results and outlook, due Feb. 4 after the market closes.