--- title: "Weekly Recap | Meituan -2.31%, probe reports weigh on shares" type: "News" locale: "en" url: "https://longbridge.com/en/news/299512802.md" description: "Meituan (MPNGY.US) fell 2.31% this week to $18.61, underperforming the S&P 500 by about 2.23 percentage points, as the benchmark slipped 0.08%. The week started on a firmer note, opening at $19.02 on Monday and reaching a high of $19.30, before pulling back from midweek. Wednesday saw a 1.77% drop to $18.76, followed by a dip to $18.46 on Thursday and a small rebound to $18.61 on Friday." datetime: "2026-09-19T06:24:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/299512802.md) - [en](https://longbridge.com/en/news/299512802.md) - [zh-HK](https://longbridge.com/zh-HK/news/299512802.md) generator: "portal-rs" --- # Weekly Recap | Meituan -2.31%, probe reports weigh on shares ## The Week Meituan (MPNGY.US) fell 2.31% this week to $18.61, underperforming the S&P 500 by about 2.23 percentage points, as the benchmark slipped 0.08%. The week started on a firmer note, opening at $19.02 on Monday and reaching a high of $19.30, before pulling back from midweek. Wednesday saw a 1.77% drop to $18.76, followed by a dip to $18.46 on Thursday and a small rebound to $18.61 on Friday. Daily volume averaged 180,216 shares, roughly 40% above the 20-day median, indicating heavier trading. The weekly range was 4.57%. ## Key Events The company’s own news this week centred on drone delivery and instant retail. On 14 September, Meituan launched its second drone delivery network at Shanghai West Bund and partnered with McDonald’s to offer drone delivery in Shanghai. On 16 September, the company implemented compliance requirements for its online hotel booking services. On 18 September, Chinese regulators signed an agreement with Meituan, Kuaishou, Taobao Instant Commerce and other platforms to support individual industrial and commercial households. However, on 19 September, reports emerged that China is investigating Meituan and Alibaba units for suspected violations of competition law, with four online travel booking platforms also under probe, weighing on sentiment heading into the weekend. ## Analyst Ratings Based on available coverage, one institution rates Meituan as a strong buy, with no buy, hold, under or sell ratings. The consensus rating is strong buy, and the consensus target price is $26.22, implying roughly 40.89% upside from the current price. With a limited number of covering institutions, the dispersion of target prices is difficult to assess. ## The Week Ahead Macro data dominates next week’s calendar. The US Richmond Fed composite index is due on 22 September, with a prior reading of 4. EIA weekly crude oil and Cushing crude oil inventories follow on 23 September, with prior figures of -0.64 and -0.342 respectively. On 24 September, initial jobless claims (prior 196), the current account balance (prior -226.8), new home sales at an annualised rate (prior 0.607m, forecast 0.608m) and EIA natural gas storage changes are scheduled. Investors may also monitor any follow-up to the competition investigation reports involving Meituan. ## In Short Meituan shares pulled back this week, moving lower after an early rise and lagging the broader market. Positive developments in drone delivery and instant retail partnerships faced off against weekend reports of a competition probe. The single strong-buy rating and a consensus target above spot suggest favourable institutional expectations, while the company’s negative P/E of -10.39 and P/B of around 2.31 reflect earnings that have yet to turn positive. The next signal to watch is whether the regulatory inquiry gains traction and whether broader platform-economy policy sentiment improves. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [MPNGY.US](https://longbridge.com/en/quote/MPNGY.US.md) ## Related News & Research - [Report: MEITUAN-W Plans to Issue Offshore RMB Bonds in Coming Weeks](https://longbridge.com/en/news/302523281.md) - [Meituan Travel to Cooperate With Regulatory Investigation, Fully Implement Regulatory Requirements](https://longbridge.com/en/news/299587293.md) - [Coca-Cola is about to report earnings. Here's what to expect](https://longbridge.com/en/news/303211282.md) - [Tesla-SpaceX Merger Stands at 80%-90% Chance, Dan Ives' $500 Price Tag Explains Why](https://longbridge.com/en/news/303112286.md) - [Verizon CEO Says SpaceX May Be Years Away From Becoming America's 'Sixth' Wireless Competitor](https://longbridge.com/en/news/303109070.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**