Why MercadoLibre Stock Rocketed Higher on Thursday
Shares of (NASDAQ: MELI) charged sharply higher on Thursday, gaining as much as 10.6%. As of 2:32 p.m. ET, the stock was still up 6.7%.
The catalyst that sent the online retail and fintech specialist higher was its quarterly financial report, which far exceeded expectations.
Image source: Getty Images.
Source Fool.com
Mercadolibre Inc Stock
€2,054.0
-1.010%
The stock is an absolute favorite of our community with 43 Buy predictions and no Sell predictions.
With a target price of 2304 € there is a slightly positive potential of 12.17% for Mercadolibre Inc compared to the current price of 2054.0 €.
