Why MercadoLibre Stock Rocketed Higher on Thursday
Shares of (NASDAQ: MELI) charged sharply higher on Thursday, gaining as much as 10.6%. As of 2:32 p.m. ET, the stock was still up 6.7%.
The catalyst that sent the online retail and fintech specialist higher was its quarterly financial report, which far exceeded expectations.
Image source: Getty Images.
Source Fool.com
Mercadolibre Inc Stock
€1,537.8
-0.350%
The stock is an absolute favorite of our community with 35 Buy predictions and no Sell predictions.
With a target price of 2286 € there is a positive potential of 48.65% for Mercadolibre Inc compared to the current price of 1537.8 €.
