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Why MercadoLibre Stock Soared 95.3% in 2019

TheMotleyFool

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Why MercadoLibre Stock Soared 95.3% in 2019

Shares of MercadoLibre (NASDAQ: MELI) gained 95.3% in 2019, according to data from S&P Global Market Intelligence. The e-commerce and payment-processing company crushed the broader Latin American stock market thanks to strong engagement on its platforms and to sales-and-earnings performance that came in significantly ahead of expectations in most quarters.