2 Reasons MercadoLibre Can Bounce Back Big Time

MercadoLibre (NASDAQ: MELI) was one of the hottest stocks during the worst of the pandemic, hitting an all-time high of $1,984 on Jan. 20, 2021. Yet, shares of the Latin American online marketplace now trade around $739, down 63% from those highs. Can MercadoLibre rebound amid such poor macro-economic conditions?

Here are two reasons you can look for a big-time bounce back in MercadoLibre's stock now.

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Source Fool.com