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Why MercadoLibre Stock Popped Today

TheMotleyFool

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Why MercadoLibre Stock Popped Today: https://g.foolcdn.com/editorial/images/742599/e-commerce-shopping-getting-a-package.jpg

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

The price for the Mercadolibre Inc stock decreased slightly today. Compared to yesterday there is a change of -€7.600 (-0.520%).
With 23 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 1769 € shows a positive potential of 20.05% compared to the current price of 1473.6 € for Mercadolibre Inc.

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