MercadoLibre MELI has outperformed the market over the past 15 years by 18.91% on an annualized basis producing an average annual return of 26.55%. Currently, MercadoLibre has a market capitalization of $58.45 billion.
Buying $1000 In MELI: If an investor had bought $1000 of MELI stock 15 years ago, it would be worth $32,023.99 today based on a price of $1162.16 for MELI at the time of writing.
MercadoLibre's Performance Over Last 15 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.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.