MercadoLibre, Inc. (MELI) News
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MELI News Highlights
- MELI's 30 day story count now stands at 23.
- Over the past 20 days, the trend for MELI's stories per day has been choppy and unclear. It has oscillated between 1 and 7.
- STAY, AMZN and OZON are the most mentioned tickers in articles about MELI.
Latest MELI News From Around the Web
Below are the latest news stories about Mercadolibre Inc that investors may wish to consider to help them evaluate MELI as an investment opportunity.
MercadoLibre (NASDAQ: MELI), Latin America's largest e-commerce company, has seen its share price almost triple over the last year. The company was already growing rapidly before the pandemic, and the crisis accelerated digital adoption and pushed the continent to embrace online payments and e-commerce like never before. The company's numbers demonstrate the strength of this trend.
Bill Ackman made a billion dollars with his Coupang investment and donated it to charity.
Most high-growth technology stocks are well off their highs, and Latin American e-commerce and fintech giant MercadoLibre (NASDAQ: MELI) is no exception. In this Fool Live video clip, recorded on April 1, Fool.com contributors Matt Frankel, CFP and Brian Feroldi discuss why this business has so much long-term potential and why investors should take a closer look while it's on sale. Matt Frankel: MercadoLibre is about 23% off its 52-week high as I'm speaking.
MercadoLibre (MELI) closed at $1,584.73 in the latest trading session, marking a -0.21% move from the prior day.
On Friday, MercadoLibre received a positive adjustment to its Relative Strength (RS) Rating, from 79 to 82. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. MercadoLibre is building a consolidation with a 2,020.10 buy point.
Keep your portfolio protected from toxic stocks like MELI, APHA, NFE, HHC and IDCC.
MercadoLibre (NASDAQ: MELI) has produced incredibly strong growth on both sides of its business, but the stock has shed about one-fourth of its value recently. In this Fool Live video clip, recorded on April 1, 2021, Fool.com contributors Matt Frankel, CFP, Brian Feroldi, and Brian Withers discuss why the stock has pulled back and what investors should keep in mind. Matt Frankel: Why is MercadoLibre down?
Two in particular that are worth a closer look right now are Lemonade (NYSE: LMND) and MercadoLibre (NASDAQ: MELI), which are now down 48% and 23%, respectively, from their 52-week highs. In-force premium (essentially the total of the company's active insurance policies) grew by 87% year over year in the fourth quarter, and gross earned premiums increased by 92%. What's more, the average customer is spending 20% more on insurance premiums than a year ago, and the company's loss ratio fell significantly, putting it a step closer on its path to profitability.
MercadoLibre ([[MELI]] +3.5%) plans to invest $1.1B to expand its warehouse space and services in Mexico this year in a bid to keep up with demand and compete directly with Amazon. MercadoLibre recently opened up a fourth distribution center in Mexico and boosted its delivery network. Last year, the company...
Argentina's e-commerce firm MercadoLibre Inc said on Tuesday it will invest $1.1 billion to expand its warehouse space and services in Mexico this year, spurred on by a pandemic-driven boom in online shopping. The figure is nearly triple the $420 million MercadoLibre spent last year in Mexico, a rapidly growing market where it is battling to stay ahead of global giant Amazon.com Inc and other rivals. The investment will help MercadoLibre double its warehouse space and boost fintech services such as consumer credit, the company said in a statement, adding that it will create more than 4,700 jobs.