MercadoLibre MELI has outperformed the market over the past 10 years by 12.44% on an annualized basis producing an average annual return of 23.07%. Currently, MercadoLibre has a market capitalization of $32.07 billion.
Buying $100 In MELI: If an investor had bought $100 of MELI stock 10 years ago, it would be worth $789.48 today based on a price of $636.56 for MELI at the time of writing.
MercadoLibre's Performance Over Last 10 Years
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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