Meituan (OTCMKTS:MPNGF) Trading Down 9.8% – Here’s What Happened

Meituan (OTCMKTS:MPNGFGet Free Report)’s stock price dropped 9.8% during mid-day trading on Thursday . The stock traded as low as $17.22 and last traded at $17.22. Approximately 60,801 shares were traded during trading, an increase of 244% from the average daily volume of 17,693 shares. The stock had previously closed at $19.10.

Meituan Trading Down 9.8 %

The stock’s 50-day moving average price is $20.60 and its 200 day moving average price is $21.10.

Meituan Company Profile

(Get Free Report)

Meituan operates as a technology retail company in the People's Republic of China. It operates through Core Local Commerce and New Initiatives segments. The company offers food delivery services; and helps consumers purchase local consumer services provided by merchants in numerous in-store categories or make reservations for hotels, and attraction and transportation ticketing.

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