Mercadolibre Inc (MELI) stock has risen 4.74% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.
Mercadolibre Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on MELI!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 is trading at $811.13 as of 12:39 PM on Tuesday, May 17, an increase of $23.32, or 2.96% from the previous closing price of $787.81. The stock has traded between $772.78 and $831.98 so far today. Volume today is light. So far 328,942 shares have traded compared to average volume of 585,562 shares.
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More About Mercadolibre Inc
MercadoLibre runs the largest e-commerce marketplace in Latin America, connecting a network of more than 140 million active users and 1 million active sellers across its 18-country footprint. The company also operates a host of complementary businesses, with shipping solutions (Mercado Envios), a payment and financing operation (Mercado Pago), advertisements (Mercado Clics), classifieds, and a turnkey e-commerce solution (Mercado Shops) rounding out its arsenal. MercadoLibre generates revenue from final value fees, advertising royalties, payment processing, insertion fees, subscription fees, and interest income from consumer and small-business lending.
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