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Why MercadoLibre Stock Took a Dive Today

TheMotleyFool

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Why MercadoLibre Stock Took a Dive Today: https://g.foolcdn.com/editorial/images/766568/online-clothes-shopping-e-commerce.jpg

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.

Source Fool.com

Mercadolibre Inc Stock

Mercadolibre Inc gained 1.210% today.
The stock is an absolute favorite of our community with 23 Buy predictions and no Sell predictions.
With a target price of 1792 € there is a slightly positive potential of 17.82% for Mercadolibre Inc compared to the current price of 1521.0 €.

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