MELI Stock Up 62.9% in a Year: Can E-commerce Strength Fuel Growth?
MercadoLibre(MELI) ZACKS·2024-09-25 01:25
MercadoLibre (MELI) , the leading e-commerce platform in Latin America, has seen its stock jump 62.9% over the past year, outperforming the Zacks Internet-Commerce industry’s return of 36%, the broader retail sector’s rally of 30.3% and the S&P 500 index’s gain of 31.1%. This impressive growth has been fueled by several factors, including MELI’s growing e-commerce business, robust shipping services, and strong presence in Brazil, Mexico and Argentina.The company is also benefiting from the solid momentum in ...