On May 20, MercadoLibre rose 3.11% in regular trading, trading at approximately $1,643.91 per share with trading volume of $297 million, extending the recent rebound from near its 52-week low of $1,495.
The stock continues to recover after a prolonged post-earnings selloff triggered by Q1 EPS of $8.23, which missed Wall Street expectations of $8.50–$9.05, marking the fourth consecutive quarter of net income missing consensus. Short-seller Muddy Waters had also questioned the company's reported GMV figures. However, notable investor Michael Burry publicly disclosed a contrarian long position, praising MercadoLibre as the Amazon of Latin America. As the stock retreated to near 52-week lows, valuation recovery demand has intensified, drawing incremental buying interest.
Within the Broadline Retail sector, the overall tone remained constructive. Among peers, eBay rose 3.41%, Amazon.com gained 2.09%, PDD Holdings added 0.44%, while Alibaba fell 0.94% and Sea Ltd declined 0.5%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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