Mercari (OTCMKTS:MCARY) Trading 6.8% Higher – Still a Buy?

Mercari, Inc. (OTCMKTS:MCARYGet Free Report)’s stock price traded up 6.8% during trading on Tuesday . The company traded as high as $9.55 and last traded at $9.55. 330 shares changed hands during trading, a decline of 88% from the average session volume of 2,673 shares. The stock had previously closed at $8.94.

Mercari Price Performance

The stock’s 50 day moving average is $8.23 and its two-hundred day moving average is $8.15.

About Mercari

(Get Free Report)

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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