Meituan (OTCMKTS:MPNGF – Get Free Report)’s stock price dropped 0.4% during mid-day trading on Wednesday . The stock traded as low as $9.85 and last traded at $10.0125. Approximately 21,314 shares were traded during mid-day trading, an increase of 47% from the average daily volume of 14,516 shares. The stock had previously closed at $10.05.
Meituan Price Performance
The business has a fifty day simple moving average of $10.40 and a 200 day simple moving average of $11.81.
About Meituan
Meituan is a leading Chinese technology-driven platform that facilitates on-demand delivery and local services through its mobile application and website. The company offers a wide range of services, including food delivery, in-store dining, grocery and fresh produce delivery, ride sharing, and hotel and travel bookings. Leveraging an extensive network of local merchants and service providers, Meituan connects millions of users with convenient, real-time access to everyday services and experiences across urban and suburban communities in Mainland China.
Founded in June 2010 by serial internet entrepreneur Wang Xing, Meituan originally launched as a group-buying platform before expanding its offerings to encompass multiple verticals in the online-to-offline (O2O) economy.
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