The market has been high on Mercadolibre Inc (MELI) stock recently. MELI gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With MELI Stock Today?
Mercadolibre Inc (MELI) stock has fallen -2.49% while the S&P 500 has risen 0.43% as of 3:03 PM on Wednesday, Jun 24. MELI has fallen -$24.38 from the previous closing price of $977.49 on volume of 316,023 shares. Over the past year the S&P 500 is higher by 6.31% while MELI has risen 53.28%. MELI lost -$4.12 per share in the over the last 12 months.
To see the top 5 stocks in the Internet Retail industry click here.
More About Mercadolibre Inc
Founded in 1999, MercadoLibre's commerce segment (representing around 52% of net revenue in 2019) includes online marketplaces in more than a dozen Latin American countries, display and paid search advertising capabilities (MercadoClics), online store management services (MercadoShops), and third-party logistics solutions (MercadoEnvios). The company's fintech segment includes an online/offline payment-processing platform (MercadoPago), mobile wallet platform, credit solutions for buyers/sellers, and asset management (Mercado Fondo). The company derives more than 95% of its revenue from Brazil, Argentina, and Mexico.
