MercadoLibre (MELI) Stock Dips Amid Brazil Competition – Analysts Eye Long-Term Upside
Stock Performance & Recent Moves MercadoLibre’s stock (NASDAQ: MELI) opened near $2,181.92 on Oct. 15 but fell sharply into the afternoon. Reuters data show a midday price around $2,048.35 – about 5.1% lower than the previous close reuters.com. This continues a pullback from late-September highs (~$2,500) when the stock briefly approached its 52-week peak. Trading volume has been elevated amid market jitters about Latin American growth. In October so far, MELI is down roughly 10–15% from its September peak stockanalysis.com reuters.com. Most of the recent price swings reflect broader volatility in tech and e-commerce stocks, especially in emerging markets. Notably,