Why MercadoLibre Stock Is Sinking This Week
Leading Latin American e-commerce and fintech titan MercadoLibre (NASDAQ: MELI) is down 10% this week as of 3 p.m. ET on Thursday, according to data provided by S&P Global Market Intelligence.
This decline stems from a major news outlet and numerous analysts reiterating concerns for the company as Amazon launches its most aggressive expansion in Brazil (MercadoLibre's largest market) yet.
Amazon announced that it would waive all fulfillment by Amazon (FBA) logistics fees and take rates on FBA orders for new Brazilian merchants through the holiday season.
Source Fool.com
Mercadolibre Inc Aktie
1.486,4 €
0,03 %
Klare Kaufstimmung: Mercadolibre Inc hat 43 Buy-Einschätzungen und keine Sell-Einschätzung.
Das von der Community festgelegte Kursziel für Mercadolibre Inc von 2363 € impliziert eine deutliche Steigerung gegenüber dem aktuellen Kurs von 1486.4 €.
