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Why MercadoLibre Stock Crashed on Wednesday

TheMotleyFool 
0 0 25.02.26
Why MercadoLibre Stock Crashed on WednesdayPhoto, wide shot, wide-angle lens, soft focus, IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D
 

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.

Image source: Getty Images.

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Source Fool.com

Mercadolibre Inc Stock

€1,585.2
-0.010%
There is nearly no change for the Mercadolibre Inc stock today. Compared to yesterday it only changed by -€0.200.
With 36 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 2294 € shows a positive potential of 44.71% compared to the current price of 1585.2 € for Mercadolibre Inc.
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