Royal Mail (OTCMKTS:ROYMY) Stock Price Down 11.8% - Here's What Happened

Key Points

• Royal Mail's stock price decreased by 11.8%, trading as low as $6.01 during the session before closing at $9.00.
• The trading volume was 56% lower than the average, with only 1,866 shares exchanged compared to 4,212 shares typically traded.
• Royal Mail operates as a universal postal service provider in the UK and internationally, offering delivery services under its own brand and Parcelforce Worldwide.

Royal Mail Plc (OTCMKTS:ROYMY - Get Free Report) dropped 11.8% during mid-day trading on Tuesday . The stock traded as low as $6.01 and last traded at $9.00. Approximately 1,866 shares were traded during trading, a decline of 56% from the average daily volume of 4,212 shares. The stock had previously closed at $10.20.

Royal Mail Stock Performance

The business's 50 day simple moving average is $8.33 and its 200 day simple moving average is $8.91.

About Royal Mail

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.