| 2024-09-19 | +0.32 % |
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| 2024-09-17 | -1.48 % |
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| 2024-09-12 | +4.61 % |
- MercadoLibre (NASDAQ:MELI) stock has surged to an all-time high of $2067.72, driven by strong financial performance, a 47.03% value increase over the past year, positive analyst upgrades, strategic growth initiatives, and the rising adoption of online shopping in Latin America, particularly in credit card usage and Gross Merchandise Volume (GMV).
The stock's increase is primarily attributed to robust Q2 financial results, which included a significant rise in revenues and net income, coupled with growing user engagement and market share in e-commerce and fintech sectors.
- MercadoLibre (MELI) stock rose by 4.61% following BofA Securities' increased price target from $2,250 to $2,500, driven by a positive outlook on the company’s growth prospects, increased earnings potential, expanding user base, and strong recent financial performance.
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| 2024-09-04 | +0.07 % |
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| 2024-08-08 | +0.52 % |
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| 2024-08-07 | +2.72 % |
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| 2024-08-06 | +1.94 % |
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| 2024-08-05 | -0.01 % |
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| 2024-08-02 | +10.59 % |
- MercadoLibre (MELI) stock rose by 10.59% despite a broader market decline driven by negative labor market data that increased fears over the Federal Reserve's potential rate cut delay, indicating strong investor sentiment toward the company's performance amid market volatility.
- MercadoLibre (MELI) stock rose by 10.59% following BTIG's upgrade of its price target to $2,025, driven by the company's strong second-quarter performance characterized by significant growth in items sold and gross merchandise volume (GMV), which exceeded expectations across key markets.
- MercadoLibre (MELI) stock surged 10.59% due to positive earnings results that stood in contrast to disappointing performances from other tech giants and the overall mixed market situation.
- Shares of MercadoLibre Inc. (MELI) surged 10.59% following an impressive second-quarter earnings report that significantly exceeded analyst expectations, solidifying its position as the most valuable company in Latin America, surpassing Petrobras. The rise in MELI stock is attributed to its strong earnings growth, with profits doubling year-over-year, record user engagement in its fintech platform, and substantial revenue increases in its e-commerce and payments businesses.
- MercadoLibre (MELI) stock surged 13.5% after the company exceeded analyst expectations with its second-quarter earnings, driven by strong gross merchandise volume (GMV) growth, increased user activity, and successful credit card offerings in Brazil and Mexico.
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| 2024-08-01 | -3.77 % |
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| 2024-07-25 | -1.06 % |
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| 2024-07-03 | -0.32 % |
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| 2024-06-24 | -1.07 % |
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| 2024-05-14 | +0.39 % |
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| 2024-05-07 | +2.11 % |
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| 2024-05-03 | +8.27 % |
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| 2024-05-02 | +3.4 % |
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| 2024-04-23 | +1.96 % |
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| 2024-04-19 | -1.01 % |
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| 2024-04-16 | -1.27 % |
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| 2024-04-15 | -1.96 % |
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| 2024-04-12 | -4.21 % |
- Summary: Globant SA's CEO, Martin Migoya, opts to remain fully remote for the company's nearly 30,000 employees, contrasting with other tech giants like Apple, Google, Microsoft, Meta, and even MercadoLibre Inc., leading to potential impact on MercadoLibre (MELI) stock down 4.21%.
Reason for MELI stock decline: The stock might have gone down due to concerns about other tech companies, including Globant SA's decision to remain fully remote, contrasting with a return-to-office policy adopted by other companies in the tech industry.
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| 2024-04-10 | -1.14 % |
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| 2024-04-04 | -1.14 % |
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| 2024-03-28 | -0.7 % |
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| 2024-03-25 | -1.39 % |
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| 2024-03-21 | +1.76 % |
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