Down 19.5% in 2021, Is MercadoLibre a Buy for 2022?
While the broader market generally posts annual gains, individual stocks don't have as much predictability. Growth stocks in particular can be volatile as they work to gain a footing. While they might offer fantastic gains, they can sometimes end up in a slump.
MercadoLibre (NASDAQ: MELI) is a top e-commerce stock that underwhelmed investors in 2021, falling 19.5%. Even worse, the current stock price is down about 47% from 52-week highs set in mid-January.
Should that stock performance scare investors in 2022, or does it present an opportunity?
Source Fool.com
