Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Rolls-Royce Holdings plc (OTCMKTS:RYCEY)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.54 and traded as high as $7.49. Rolls-Royce Holdings plc shares last traded at $7.31, with a volume of 1,719,044 shares traded.

Rolls-Royce Holdings plc Price Performance

The stock has a fifty day simple moving average of $7.22 and a two-hundred day simple moving average of $6.54.

Institutional Trading of Rolls-Royce Holdings plc

A number of institutional investors have recently added to or reduced their stakes in RYCEY. Hantz Financial Services Inc. acquired a new stake in Rolls-Royce Holdings plc in the second quarter valued at $2,765,000. Atlas Capital Advisors LLC grew its stake in Rolls-Royce Holdings plc by 60,646.2% in the 2nd quarter. Atlas Capital Advisors LLC now owns 111,773 shares of the aerospace company’s stock valued at $640,000 after acquiring an additional 111,589 shares during the last quarter. Torray Investment Partners LLC purchased a new position in Rolls-Royce Holdings plc during the 2nd quarter valued at about $286,000. Rhumbline Advisers raised its position in Rolls-Royce Holdings plc by 19.0% during the second quarter. Rhumbline Advisers now owns 83,570 shares of the aerospace company’s stock worth $479,000 after acquiring an additional 13,353 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Rolls-Royce Holdings plc by 82.0% during the third quarter. GAMMA Investing LLC now owns 18,846 shares of the aerospace company’s stock worth $133,000 after acquiring an additional 8,491 shares during the last quarter. Hedge funds and other institutional investors own 0.07% of the company’s stock.

Rolls-Royce Holdings plc Company Profile

Rolls-Royce Holdings plc develops and delivers complex power and propulsion solutions for air, sea, and land in the United Kingdom and internationally. The company operates through four segments: Civil Aerospace, Defence, Power Systems, and New Markets. The Civil Aerospace segment develops, manufactures, markets, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.