MercadoLibre Ends Day Down 5% (MELI)

Shares of MercadoLibre, Inc. MELI ended Friday trading down 5% at $66.64 per share. The day's trading range for shares of MercadoLibre, Inc was $64.87 to $70.60 per share. Analysts covering MercadoLibre, Inc. (MELI) stock give it a consensus price target of $70.57 per share. Trading volume for MercadoLibre, Inc was heavier than usual, with 1.55 million shares traded today, well above the daily average volume of 940,000 shares shares. MercadoLibre, Inc is Latin America's leading e-commerce technology company. Through the company's primary platforms, MercadoLibre.com and MercadoPago.com, MercadoLibre provides solutions to individuals and companies buying, selling, advertising, and paying for goods online. MercadoLibre.com is among the top 50 in the world in terms of page views and is the leading retail platform in unique visitors in each country in which it operates according to metrics provided by comScore Networks Read more from Benzinga's Company news.