Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Shares Pass Above 200 Day Moving Average – Time to Sell?

Rolls-Royce Holdings plc (OTCMKTS:RYCEY) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.60 and traded as high as $7.39. Rolls-Royce Holdings plc shares last traded at $7.37, with a volume of 1,336,058 shares trading hands.

Rolls-Royce Holdings plc Price Performance

The business’s 50 day moving average is $7.24 and its two-hundred day moving average is $6.61.

Institutional Trading of Rolls-Royce Holdings plc

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Financial Avengers Inc. grew its position in Rolls-Royce Holdings plc by 13.2% in the third quarter. Financial Avengers Inc. now owns 21,500 shares of the aerospace company’s stock worth $152,000 after acquiring an additional 2,500 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Rolls-Royce Holdings plc by 82.0% in the 3rd quarter. GAMMA Investing LLC now owns 18,846 shares of the aerospace company’s stock worth $133,000 after purchasing an additional 8,491 shares in the last quarter. Rhumbline Advisers increased its position in shares of Rolls-Royce Holdings plc by 19.0% during the 2nd quarter. Rhumbline Advisers now owns 83,570 shares of the aerospace company’s stock valued at $479,000 after purchasing an additional 13,353 shares during the last quarter. Torray Investment Partners LLC purchased a new position in shares of Rolls-Royce Holdings plc during the 2nd quarter valued at about $286,000. Finally, Hantz Financial Services Inc. purchased a new position in shares of Rolls-Royce Holdings plc during the 2nd quarter valued at about $2,765,000. 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.