Richtech Robotics Stock News

Rolls-Royce share price had another successful month in April as it jumped to a record high of 1,111 GBX. It then pulled back to the current 1,070p as some investors started to book profits.

Richtech Robotics reported another set of uninspiring quarterly results, with tiny sales numbers and meaningful cash burn. The company continues to take advantage of its elevated valuation by aggressively selling newly-issued shares into the open market under its ATM agreement. During the quarter, Richtech reported some progress in China, but the near-term financial impact is likely to remain l...

The Rolls-Royce share price has moved sideways this month as the recent surge faded. It dropped to a low of 1,067p on Tuesday, down from the year-to-date high of 1,110p.

Rolls-Royce share price has been in a relentless bull run in the past few years, helped by the robust demand for its services and products in the civil aviation, defense, and power sectors.  RR stock has also surged as management's efforts to boost sales and reduce spending have been successful.

Rolls-Royce Holdings published strong financial results, mirroring those of its top rivals like GE Aerospace, Safran, and GE Vernova. The results demonstrated the ongoing demand across its three divisions, which are seeing strong tailwinds.

Rolls-Royce share price pulled back this week, moving to a low of 966p, down from the year-to-date high of 1,011p. It has jumped by 70% this year, beating the FTSE 100 Index and most of its constituent companies.

Rolls-Royce Holding Plc (LON: RR) is in focus on Tuesday after the aerospace and defense giant announced a $75 million investment to expand its US manufacturing capabilities. In its press release, the company confirmed plans of expanding its manufacturing plant in Aiken, South Carolina.

Rolls-Royce share price continued its strong rally this week as it neared the crucial resistance level at 1,000p. RR stock has surged to a high of 985p, up sharply from the year-to-date of 556p.