Meituan (OTCMKTS:MPNGF) Trading Down 0.9% – Time to Sell?

Meituan (OTCMKTS:MPNGFGet Free Report)’s share price dropped 0.9% during trading on Monday . The stock traded as low as $19.58 and last traded at $19.58. Approximately 2,268 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 10,934 shares. The stock had previously closed at $19.76.

Meituan Stock Down 0.9 %

The stock’s 50 day moving average is $21.41 and its 200 day moving average is $18.43.

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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