Why MercadoLibre Stock Rocketed Higher on Thursday
The Latin American e-commerce and digital payments specialist reported stellar financial results.
Shares of MercadoLibre (NASDAQ: MELI) charged sharply higher on Thursday, gaining as much as 10.6%. As of 2:32 p.m. ET, the stock was still up 6.7%.
The catalyst that sent the online retail and fintech specialist higher was its quarterly financial report, which far exceeded expectations.
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