ARMH way up, WEN slides, PM stumbles

ARM Holdings, plc (Nasdaq: ARMH) went skyward nearly 70 percent in afternoon trading, tacking on 13 cents to $19.06. Volume of 1,321,476 was still quite shy of the company’s three month daily average of 3,338,070. The UK-based ARMH designs microprocessors, physical intellectual property (IP), and related technology and software.

Wendy’s/Arby’s Group, Inc. (NYSE: WEN) took a pummeling Wednesday, losing 1.23 percent to trade at $4.80. Volume of 2,822,044 is closing in on the fast-food maker’s three month daily average of 4,078,760.

Philip Morris International, Inc (NYSE: PM) dropped .08 percent to $59.35 late Wednesday, on volume of 4,472,800, which is slightly more than half of the tobacco maker’s daily average. This morning, the Board of Directors of Philip Morris International Inc. declared a regular quarterly dividend of $0.64 per common share.

Tags: ARMH, consumer discretionary, nasdaq, NYSE, PM, Technology Stocks, WEN

This entry was posted on Wednesday, December 8th, 2010 at 3:39 pm by Sheryl and is filed under Consumer Discretionary Stocks, Technology Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.