MercadoLibre stock jumps nearly 4% — what traders are watching next
MercadoLibre shares rose 3.9% to $2,138.17 by midday Thursday, rebounding from earlier losses as interest in Latin American fintech stocks increased. The move comes ahead of a Jan. 27 investor event in São Paulo and provisional Q4 results set for Feb. 24. Investors are watching Brazil’s PicPay IPO plans and new economic data from Argentina. Competition in Brazil remains intense, with MercadoLibre boosting shipping incentives.