Why MercadoLibre Stock Popped Today
Shares of MercadoLibre (NASDAQ: MELI) were moving higher today after the Latin American e-commerce star posted strong results in its second-quarter earnings report.
As of 12:10 p.m. ET, the stock was up 11.9% on the news.
MercadoLibre continued to deliver rapid growth, bucking the broader trend in the e-commerce sector.
Source Fool.com
Mercadolibre Inc Stock
€1,486.4
0.030%
The stock is an absolute favorite of our community with 43 Buy predictions and no Sell predictions.
With a target price of 2363 € there is a hugely positive potential of 58.97% for Mercadolibre Inc compared to the current price of 1486.4 €.
