Why MercadoLibre Stock Was Soaring on a Down Day
Shares of MercadoLibre (NASDAQ: MELI), the Latin America e-commerce giant, were climbing today even as the broad stock market collapsed following a weak unemployment report.
MercadoLibre was shining after delivering a strong earnings report last night, posting another round of breakout growth. The stock was up 10% as of 12:01 p.m. ET on Friday.
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Source Fool.com
Mercadolibre Inc Stock
€1,628.4
8.930%
With 24 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 1792 € shows a slightly positive potential of 10.05% compared to the current price of 1628.4 € for Mercadolibre Inc.
