Why MercadoLibre Stock Crashed on Wednesday
Shares of (NASDAQ: MELI) tumbled out of the gate on Wednesday, falling as much as 14%. As of 11:36 a.m. ET, the stock was still down 10.6%.
The catalyst that sent the online retail and fintech specialist lower was its quarterly financial report, which investors found wanting.
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Source Fool.com
Mercadolibre Inc Stock
€1,558.0
2.730%
With 43 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 2360 € shows a very positive potential of 51.48% compared to the current price of 1558.0 € for Mercadolibre Inc.
