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Why MercadoLibre Surged 27.8% in July


Shares of MercadoLibre (NASDAQ: MELI) surged 27.8% in July, according to data provided by S&P Global Market Intelligence.

With this rise, the e-commerce company's shares have decreased their year-to-date decline to 39%.

Image source: Getty images.

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Source Fool.com

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