Mercari (OTCMKTS:MCARY) Trading Up 4.7% – Here’s Why

Mercari, Inc. (OTCMKTS:MCARYGet Free Report)’s stock price rose 4.7% during trading on Friday . The company traded as high as $10.47 and last traded at $10.47. Approximately 165 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 433 shares. The stock had previously closed at $10.00.

Mercari Stock Performance

The company has a 50-day simple moving average of $9.15 and a 200-day simple moving average of $8.30.

Mercari Company Profile

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Mercari, Inc (OTCMKTS:MCARY) is a Japan-based e-commerce company that operates a peer-to-peer marketplace platform, enabling individuals to list, buy and sell used and new items via its mobile application and website. The platform accommodates a wide range of categories, including fashion, electronics, home goods and collectibles, and integrates payment processing and shipping coordination to streamline transactions for users.

Founded in February 2013 by Shintaro Yamada, Mercari quickly gained traction in its domestic market and went public on the Tokyo Stock Exchange in June 2018.

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