ARM Holdings Stock Volatile Amidst Trader Expectations, Drops from Intraday High

ARM Holdings ($ARM) stock experienced significant volatility over the past few days. Traders anticipated a potential surge due to various factors such as a chart setup, Softbank's IPO shares, and short interest. Despite initial positive signs, the stock faced intraday fluctuations, with some traders expecting a breakout towards $150-151 levels. However, the stock dropped sharply from its intraday high, disappointing traders who were expecting a continuous upward trend.