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Why MercadoLibre Stock Took a Dive Today

TheMotleyFool 
0 0 23.02.24
Why MercadoLibre Stock Took a Dive TodayPhoto, wide shot, wide-angle lens, Data analytics provider, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/d1295d04-cceb-4f1c-be2b-32ca46621336.png
 

Shares of MercadoLibre (NASDAQ: MELI) were sliding today as a narrowing gross margin and expectations of slowing growth seemed to overshadow a strong quarter. The company's reported profit was also impacted by a one-time tax liability.

As a result, the stock was trading down 12.9% as of 10:31 a.m. ET.

Image source: Getty Images.

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Source Fool.com

Mercadolibre Inc Stock

€1,593.8
0.180%
The Mercadolibre Inc stock is trending slightly upwards today, with an increase of €2.80 (0.180%) compared to yesterday's price.
With 36 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 2294 € shows a positive potential of 43.93% compared to the current price of 1593.8 € for Mercadolibre Inc.
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