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MercadoLibre's (NASDAQ: MELI) stock has rallied 154% over the past five years as the S&P 500 rose 85%. The Latin American e-commerce and fintech leader has impressed investors with its rapid ...
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Mercado Libre operates under five main business units. MarketPlace is its platform for users to sell products, Mercado Pago is its payment platform for online sales, Mercado Publicado is the advertising portion of Mercado Libre, Mercado Shops is a tool designed to enhance the platform's overall ecosystem, [34] and Mercado Crédito is the company's credit line.
MercadoLibre (MELI) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front
MercadoLibre (MELI) closed at $1,294.32 in the latest trading session, marking a -0.37% move from the prior day.
MercadoLibre (MELI) closed at $1,035.14 in the latest trading session, marking a -0.02% move from the prior day.
Investors need to pay close attention to MercadoLibre (MELI) stock based on the movements in the options market lately.
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