Why MercadoLibre Stock Lost 21% Last Month
Shares of MercadoLibre (NASDAQ:MELI), the Latin American e-commerce operator, were sliding last month in tandem with the coronavirus-related sell-off. Though there was no specific news out on the company, investors saw the spreading pandemic, which is just starting to affect Latin America, as a concern for the high-priced growth stock .
News story posted on 2020-04-02T06:51:00.0000000Z
