Shares of Mercari, Inc. (OTCMKTS:MCARY – Get Free Report) dropped 12.2% during mid-day trading on Thursday . The company traded as low as $11.50 and last traded at $11.73. Approximately 12,934 shares were traded during trading, an increase of 291% from the average daily volume of 3,308 shares. The stock had previously closed at $13.36.
Mercari Trading Down 12.2%
The stock has a 50 day moving average of $12.30 and a 200-day moving average of $10.85.
About Mercari
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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