Why MercadoLibre Stock Gained 16% Last Month
Shares of MercadoLibre (NASDAQ: MELI) were climbing last month as the Latin American e-commerce operator continued to benefit from pandemic-related tailwinds. Data showed that e-commerce sales surged in the region, and the company received some positive analyst chatter. According to data from S&P Global Market Intelligence, the stock rose 16% in June.
As you can see from the chart below, most of the stock's gains came during the middle of the month.
Source Fool.com