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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's shares experienced a significant drop, opening at $9.26 after closing at $13.00, reflecting a sharp decline in market confidence.
  • The company's 50-day moving average stands at $8.20, while the 200-day moving average is $8.89, indicating potential challenges in maintaining share value.
  • Royal Mail operates as a universal postal service provider in the UK and internationally, offering delivery services for parcels and letters under its established brands.
  • MarketBeat previews the top five stocks to own by October 1st.

Royal Mail Plc (OTCMKTS:ROYMY - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $13.00, but opened at $9.26. Royal Mail shares last traded at $9.50, with a volume of 1,404 shares traded.

Royal Mail Stock Down 11.8%

The firm's fifty day simple moving average is $8.27 and its 200 day simple moving average is $8.91.

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.

Further Reading

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