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Why MercadoLibre Stock Jumped 11% in July

TheMotleyFool 
0 0 09.08.26
Why MercadoLibre Stock Jumped 11% in July: https://g.foolcdn.com/editorial/images/882112/person-with-credit-card-at-computer-surrounded-by-packages.jpg
 

(NASDAQ: MELI) stock rose 11% in July, according to data provided by S&P Global Market Intelligence. There wasn't any news specific to the company, but the market seemed to pick up on a good bargain ahead of the second-quarter report on Aug. 5.

To understand why the stock jumped in July, you need to first understand why the stock is 30% off its high. While the company is growing rapidly, profitability has been declining, and the market has been disappointed.

However, it seems to have bottomed out, for now at least. Investors were scooping up shares in July as it got closer to second-quarter earnings, although the report got a tepid reaction.

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Source Fool.com

Mercadolibre Inc Stock

€1,586.8
-5.520%
Heavy losses for Mercadolibre Inc today as the stock fell by -€92.800 (-5.520%).
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 44.57% compared to the current price of 1586.8 € for Mercadolibre Inc.
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