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Royal Mail (OTCMKTS:ROYMY) Shares Down 15% - Here's What Happened

Royal Mail logo with Transportation background

Key Points

  • Royal Mail's stock experienced a significant decline of 15%, trading as low as $8.42 and closing at $8.50.
  • Trading volume increased by 83% during this decline, with 1,967 shares changing hands compared to the average of 1,074 shares.
  • The company's 50-day moving average is $8.55, while the 200-day moving average is $8.86, suggesting recent volatility in its stock price.
  • MarketBeat previews the top five stocks to own by October 1st.

Royal Mail Plc (OTCMKTS:ROYMY - Get Free Report)'s stock price fell 15% on Tuesday . The stock traded as low as $8.42 and last traded at $8.50. 1,967 shares traded hands during trading, an increase of 83% from the average session volume of 1,074 shares. The stock had previously closed at $10.00.

Royal Mail Trading Down 27.4%

The firm's 50-day moving average price is $8.52 and its two-hundred day moving average price is $8.84.

About Royal Mail

(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.

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