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Royal Mail (OTCMKTS:ROYMY) Sees Large Volume Increase - Still a Buy?

Royal Mail logo with Transportation background

Key Points

  • Royal Mail Plc experienced a significant increase in trading volume, with 11,939 shares exchanged on Thursday, marking a 229% rise from the previous day.
  • The stock price has dropped to $6.50, down from a previous close of $9.65, highlighting a notable decline in price performance.
  • Royal Mail operates as a universal postal service provider, delivering parcels and letters under the Royal Mail and Parcelforce Worldwide brands both in the UK and internationally.
  • Five stocks to consider instead of Royal Mail.

Royal Mail Plc (OTCMKTS:ROYMY - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 11,939 shares traded hands during mid-day trading, an increase of 229% from the previous session's volume of 3,633 shares.The stock last traded at $6.50 and had previously closed at $9.65.

Royal Mail Trading Up 1.9%

The business has a fifty day simple moving average of $8.54 and a two-hundred day simple moving average of $8.83.

Royal Mail Company Profile

(Get Free Report)

International Distributions Services plc, together with its subsidiaries, operates as a universal postal service provider in the United Kingdom and internationally. The company offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. It also provides services for the collection, sorting, and delivery of parcels and letters.

See Also

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