Why Are Rockley Photonics Shares Trading Higher Today?

September 9, 2021 2:16 PM | 1 min read | Make a Comment

Rockley Photonics Holdings Ltd RKLY expanded the range of possible applications for its non-invasive biomarker sensing technology into new segments of the medical technology field.
Rockley collaborated with two leading medical equipment and device manufacturers, who have a combined history of over 200 years and represent over $40 billion of revenue in the medical equipment market.
Cowen analyst Paul Silverstein initiated coverage of the silicon photonics technology company with an Outperform rating and $22 price target, implying an upside of 134.5%.
Price Action: RKLY shares traded higher by 6.99% at $10.05 in the market session on the last check Thursday.

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