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MELI Jul 2024 1720.000 call
- Zacks
MercadoLibre (MELI) Advances While Market Declines: Some Information for Investors
The latest trading day saw MercadoLibre (MELI) settling at $1,582.14, representing a +0.1% change from its previous close.
- Zacks
MercadoLibre (MELI) Stock Sinks As Market Gains: What You Should Know
MercadoLibre (MELI) reachead $1,580.53 at the closing of the latest trading day, reflecting a -1.18% change compared to its last close.
- Reuters
MercadoLibre investments in Brazil this year to top initial forecast
Latin American e-commerce giant MercadoLibre expects its investments in Brazil this year to exceed the 23 billion reais ($4.35 billion) initially planned due to higher-than-expected sales, local marketplace head Fernando Yunes said on Wednesday. He told reporters the revised capital expenditure plan cannot be fully disclosed at the moment as it is still in the works, but noted the firm now forecasts to hire 11,000 people in Brazil this year, up from a previous estimate of 6,500. MercadoLibre intends to allocate part of the new staff in two new distributions centers it plans to open in Brazil this year, in the city of Porto Alegre and in Brasilia, the capital, Yunes said.
