Technology and Fertilizer Sectors Experience Selloff
The steep selloff last Friday, not seen since April, sent shares of three firms lower.
Affected Companies
- Arm Holdings (ARM) dropped by 9.3% on reports that SoftBank (SFTBY) would borrow $5 billion, securing the loan with its ARM stock holding.
- Mosaic (MOS) closed at $30.35, down by 9.24% due to unmet production and sales volumes in potash.
- Synopsys shares were also affected, although the exact percentage is not specified.
Leveraged investing can be rewarding when investments rise, but it can cause margin calls and forced selling if purchased assets fall.
Management said that maintenance activities helped lift output, but the firm experienced mechanical issues in its Riverview sulfuric acid plant.
Value investors may consider adding to their position in MOS stock.
Author's summary: Stocks of Arm, Mosaic, and Synopsys are on sale after a steep selloff.