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.
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Source Fool.com
Mercadolibre Inc Stock
€1,546.2
-2.380%
The stock is an absolute favorite of our community with 41 Buy predictions and no Sell predictions.
With a target price of 2365 € there is a hugely positive potential of 52.96% for Mercadolibre Inc compared to the current price of 1546.2 €.
