Royal Mail (OTCMKTS:ROYMY) Shares Gap Up – Still a Buy?

Shares of Royal Mail Plc (OTCMKTS:ROYMYGet Free Report) gapped up prior to trading on Friday . The stock had previously closed at $8.05, but opened at $8.40. Royal Mail shares last traded at $8.40, with a volume of 163 shares.

Royal Mail Trading Up 4.3%

The business has a 50-day moving average of $8.29 and a 200-day moving average of $8.38.

Royal Mail Company Profile

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Royal Mail Group Limited (OTCMKTS: ROYMY) is the primary postal and parcel delivery operator in the United Kingdom, providing universal letter delivery alongside parcel services to residential and business customers. The company operates under a universal service obligation, ensuring next-day delivery of letters and standard parcels to every UK address. Its network of processing centres and delivery offices supports a broad portfolio of domestic and international shipping solutions, from standard mail to express and tracked parcel services.

In addition to its core letter business, Royal Mail offers a range of logistics and courier services through its Parcelforce Worldwide subsidiary.

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