Technology and Fertilizer Sectors Experience Decline
Shares of Arm Holdings (ARM), Mosaic (MOS), and Synopsys experienced a significant decline last Friday.
In the technology sector, Arm Holdings (ARM) dropped by 9.3% due to reports that SoftBank (SFTBY) would borrow $5 billion, securing the loan with its ARM stock holding. As
leveraged investing is rewarding when investments rise, but they cause margin calls and forced selling if purchased assets fall, this news is disconcerting.
In the fertilizer sector, Mosaic (MOS) closed at $30.35, down by 9.24%. The decline was attributed to lower-than-expected production and sales volumes in potash, caused by shipment timing delays and mechanical issues in its Riverview sulfuric acid plant.
Despite the decline,
value investors may add to their position in MOS stockas management reported that maintenance activities helped lift output.
Author's summary: Shares of Arm, Mosaic, and Synopsys are on sale after last Friday's decline.
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