- Rockley Photonics Holdings Ltd RKLY is on a volatile ride in the premarket session on Monday. The stock was trading higher, only to give up all the gains and trade in the red.
- On Friday, Rockley disclosed a 5.5% stake investment by Hengtong Optic-Electric International Co Ltd on September 17. The financial terms were not disclosed.
- BofA initiated coverage of the company and sees a 56.6% upside in the sensing products provider.
- Price Action: RKLY shares traded lower by 1.04% at $8.55 in the premarket session on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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