Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Shares Gap Up – Here’s Why

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY)’s stock price gapped up before the market opened on Monday. The stock had previously closed at $15.54, but opened at $16.09. Rolls-Royce Holdings PLC shares last traded at $16.14, with a volume of 229,470 shares.

Rolls-Royce Holdings PLC Price Performance

The firm’s 50-day simple moving average is $19.20 and its 200 day simple moving average is $18.00.

Institutional Trading of Rolls-Royce Holdings PLC

A number of hedge funds and other institutional investors have recently made changes to their positions in RYCEY. Henry James International Management Inc. boosted its holdings in Rolls-Royce Holdings PLC by 17.2% during the third quarter. Henry James International Management Inc. now owns 662,815 shares of the aerospace company’s stock worth $12,870,000 after buying an additional 97,466 shares in the last quarter. GAMMA Investing LLC grew its position in Rolls-Royce Holdings PLC by 15.4% in the third quarter. GAMMA Investing LLC now owns 53,877 shares of the aerospace company’s stock worth $1,044,000 after buying an additional 7,189 shares during the last quarter. Ascentis Independent Advisors bought a new position in shares of Rolls-Royce Holdings PLC in the first quarter valued at $350,000. Fulton Bank N.A. increased its holdings in shares of Rolls-Royce Holdings PLC by 28.3% in the second quarter. Fulton Bank N.A. now owns 15,668 shares of the aerospace company’s stock valued at $300,000 after buying an additional 3,454 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Rolls-Royce Holdings PLC by 65.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,736 shares of the aerospace company’s stock valued at $181,000 after acquiring an additional 4,641 shares during the last quarter. 0.07% of the stock is currently owned by institutional investors.

About Rolls-Royce Holdings PLC

Rolls-Royce Holdings plc is a United Kingdom-based industrial technology company focused on power and propulsion systems. Through its Civil Aerospace business, the company develops, manufactures, and services aircraft engines for widebody commercial aircraft, business aviation, and other applications. Its business model includes long-term aftermarket maintenance, repair, and overhaul services that support customers throughout an engine’s operating life.

The company’s Defence business supplies propulsion systems and related services for military aircraft, naval vessels, submarines, and other defense platforms.