Why MercadoLibre Stock Plunged Today

Evan Niu, CFA, The Motley Fool

10 August 2020 at 1:08 pm·2-min read

What happened Shares of MercadoLibre (NASDAQ: MELI) have plunged today, down by 8% as of 12:20 p.m. EDT, after the company reported second-quarter earnings. The results topped expectations, but investors may have been pricing in an even stronger performance following the stock's recent rally to all-time highs.