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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.
  • Looking to export and analyze Royal Mail data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Royal Mail Plc (OTCMKTS:ROYMY - Get Free Report) shares 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.

Royal Mail Trading Down 41.1%

The stock's 50-day simple moving average is $8.26 and its 200-day simple moving average is $8.91.

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.

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