Geometry Dash APK Hill Climb Racing APK
57.4 F
New York
Wednesday, December 7, 2022

Has Rolls-Royce Holding (OTCMKTS:RYCEY) Reached the Bottom?

Must read

HUMBL Inc (OTCMKTS:TSNPD) On the Rebound as Investors Track Developments

If there is one stock that has captured the imagination of many investors over the past months, then it's that of HUMBL...

Healthier Choices Management (OTCMKTS:HCMC) Falls Following WallStreetBets Hype

Investing in stocks that are gaining momentum is often regarded as a sound investment and more often than not it works out...

Enzolytics Inc (OTCMKTS:ENZC) In Focus: Regains It’s Momentum

One of the most notable gainers over the course of the past months has been the Enzolytics Inc stock. While it is...

Medmen Enterprises Inc (OTCMKTS:MMNFF) Pulls Back From Highs as Buzz Cools Off

Among the sectors which have bounced back in 2021, the cannabis sector is one of considerable interest since it had been in...

British defense and aerospace company Rolls-Royce Holding (OTCMKTS:RYCEY) may have had a pretty tough time this year due to the coronavirus pandemic but its stock has made impressive runs in recent weeks.

Last week, the stock has rallied by as much as 25% but has since corrected and now sits at just $1.82. It’s worthwhile for investors to perhaps take a closer look at the company, as it is one of the hotter names on the OTC.

Sign up below for critical updates on RYCEY stock.

Major Developments

Although it trades in London, investors in the United States can get hold of the stock in the over-the-counter market through the ‘RYCEY’ stock. It should be noted that the Rolls Royce stock has nosedived by as much as 80% in 2020 so far due to the coronavirus pandemic and travel restrictions.

Recently the company announced that it entered the ship automation space through the acquisition of Servowatch Systems. However, that could not be the reason behind the strong rally in the stock. It is believed that the rollout of the coronavirus vaccine in the United Kingdom soon and subsequently to other countries is going to result in a major uptick in the company’s business.

Vaccination will start in the United Kingdom this week and it is expected that it will soon start in both the United States and the European Union.

Once that happens, the demand for travel will rise and in turn, it is going to lead to higher demand for engines as well as aircraft. It will directly result in a boost for Rolls-Royce since it is one of the major players in the airplane engine market.

Hence, the optimism around the Rolls Royce stock is perhaps not misplaced. In addition to that, Virgin Galactic announced earlier this week that it was awarded a contract from NASA for regular access flights. That is another significant development for Rolls Royce since the company supplies engines to Virgin Galactic.

Latest article

Alibaba Group Holding Limited (OTCMKTS:BABAF) Big Volume with Possible 60% Upside

Alibaba Group Holding Limited (OTCMKTS:  BABAF) is an over the counter stock traded on the OTC Pink markets in the Consumer Discretionary...

Trans Global Group Inc (OTCMKTS:TGGI) Stock In Focus After Operational Updates

The Trans Global Group Inc (OTCMKTS:TGGI) stock may not have been in the news today yet but it...

Why Hycroft Mining (NASDAQ:HYMC) Stock Shot Up 700%

If you are on the hunt for stocks that may have made major gains over the course of the past week, then...

Secure Paymentz releases banking software demo on Github

This is a paid announcement from one of our advertising partners. How to Leverage Your Trading Position by Secure...

Advanced Asset Management Announces New Website Launch

This is a paid announcement from one of our advertising partners. Financial Planner in Grandville, Michigan
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet.
SmsVerifyer.com Affordable best sms verification service