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

Royal Mail logo with Transportation background

Key Points

  • Royal Mail's share price gapped down from $10.00 to $9.00 before opening on Monday and is currently trading at $8.42.
  • The company has a fifty-day moving average price of $8.54 and a 200-day moving average price of $8.87.
  • Royal Mail operates as a universal postal service provider in the UK and internationally, offering services under the Royal Mail and Parcelforce Worldwide brands.
  • MarketBeat previews top five stocks to own in November.

Royal Mail Plc (OTCMKTS:ROYMY - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $10.00, but opened at $9.00. Royal Mail shares last traded at $8.42, with a volume of 411 shares.

Royal Mail Trading Up 26.7%

The company's 50 day moving average price is $8.53 and its 200 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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