Meituan (OTCMKTS:MPNGF) Trading Up 4% – Here’s Why

Meituan (OTCMKTS:MPNGFGet Free Report)’s share price was up 4% during trading on Monday . The company traded as high as $20.89 and last traded at $20.89. Approximately 165 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 22,843 shares. The stock had previously closed at $20.09.

Meituan Price Performance

The firm’s 50-day moving average is $22.31 and its 200-day moving average is $17.22.

About Meituan

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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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