MercadoLibre stock (MELI) drops 2% as 2026 opens; traders eye $2,000 and next catalysts
MercadoLibre shares fell 2.0% to $1,973.70 Friday, closing below both their 50-day and 200-day moving averages after Zacks Research downgraded the stock to “strong sell.” The stock now trades about 25% below its 52-week high, with a market cap near $100 billion. U.S. markets are closed Saturday. Investors await the company’s next earnings report, expected around Feb. 19.