This past Friday the Rockley Photonics Holdings Limited (NYSE:RKLY) stock managed to make a bit of a recovery and climbed 5% after having gone through a slump. It should be noted that despite the recovery made by the stock, it is still down by as much as 36% over the course of the past month.
Trading Data
On Friday, RKLY stock went up 4.51% to $2.78 with more than 427k shares, compared to its average volume of 748K shares. The stock has moved within a range of $2.5200 – 2.8000 after opening trade at $2.66.
Rockley Photonics Announces Participation in NSF-Sponsored Center to Stream Healthcare in Place (C2SHIP) as an Industrial Member
In this situation, it may be a good move to take a look at a development from January 27. The photonics powered health monitory and communications services company was in the news that day after it announced that it had joined the Center to Stream Healthcare in Place.
It was a significant development for the company and the excitement among investors with regards to the same was palpable as the Rockley Photonics stock started to climb. Center to Stream Healthcare in Place is an organisation which includes some of the leading academic centres as well as industry partners and is involved in creating products meant for providing personalised healthcare.
The induction of Rockley Photonics in Center to Stream Healthcare in Place is an acknowledgement of the company’s expertise and hence, it may be a good move to keep an eye on the stock this morning.
Key Quote
“One of the key goals of C2SHIP is accelerating the application of cutting-edge technologies to in-place patient care, while introducing students and fellows to new methods for improving remote patient care,” said Bijan Najafi, Ph.D., professor of surgery, director of clinical research at the division of vascular surgery, and director of C2SHIP at the Baylor College of Medicine.
Technical Data
RKLY stock is below the 20-Day and 50-Day Moving averages of $3.55 and $4.81 respectively. However, the below is trading below the 200-Day moving average of $8.13.
