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Richardson Electronics Ltd   (RELL)
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 RELL $11.5200 $-0.3100 -2.62%

 Volume (M): 60   Open : 11.82    52 Wk Avg :  11.13


Richardson Electronics Ltd RELL OHLC Open High Low Closing Chart




  What happened with Richardson Electronics Ltd's Stock

Richardson Electronics Ltd. Shares Witness 7.51% Increase in June 2024



Report:

During the month of June 2024, Richardson Electronics Ltd. experienced significant changes in its share price. Starting at $11.35, the company's shares increased by 7.51% to reach $11.89 by the end of the month. On June 20, the shares reached their peak at $12.135, demonstrating a positive performance trend. However, on June 10, the shares hit their lowest point of $10.645 for the month.

In comparison to the overall market, Richardson Electronics Ltd. shares outperformed with a 3.78% growth. This highlights the company's strong performance in June 2024.

On June 17, a key event contributed to the positive sentiment around Richardson Electronics Ltd. stock. The company unveiled new RF and Microwave technology partners at the 2024 IEEE MTT-S International Microwave Symposium in Washington, DC. This announcement caused the stock to rise by 3.33%. Richardson Electronics demonstrated its commitment to innovating in the RF and Microwave technologies sector by presenting its latest lineup of technology partners during the event.

The Electronic Parts and Equipment industry experienced an average increase of 6.04% in share prices during the same period, while the Consumer Discretionary sector saw an average increase of 3.65%. Richardson Electronics Ltd. outpaced both industry sectors, showcasing its strong performance in the market.

Overall, Richardson Electronics Ltd. shares performed well in June 2024, displaying a 7.51% increase and reaching a peak of $12.135. The company's successful unveiling of new technology partners further contributed to the positive sentiment surrounding its stock.





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