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

Royal Mail logo with Transportation background

Key Points

  • Royal Mail Plc shares experienced a significant drop, opening at $9.00 after closing at $9.40, and last traded at $8.50.
  • The company's 50-day and 200-day simple moving averages stand at $8.60 and $8.84, respectively, indicating ongoing market volatility.
  • Royal Mail operates as a universal postal service provider, delivering parcels and letters under the Royal Mail and Parcelforce Worldwide brands.
  • Five stocks we like better than Royal Mail.

Royal Mail Plc (OTCMKTS:ROYMY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $9.40, but opened at $9.00. Royal Mail shares last traded at $8.50, with a volume of 250 shares trading hands.

Royal Mail Stock Performance

The business's 50-day simple moving average is $8.60 and its 200 day simple moving average 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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