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down 14.91 %

MERCADOLIBRE INC (MELI) downgraded to Underperform by BofA/Merrill

Posted on: Monday,  Jan 27, 2014  8:25 AM ET by BofA/Merrill

BofA/Merrill rated Underperform MERCADOLIBRE INC (NASDAQ: MELI) on 01/27/2014, when the stock price was $95.27. Since
then, MERCADOLIBRE INC has gained 17.53% as of 01/04/2016's recent price of $111.97.
If you would have followed this BofA/Merrill's recommendation on MELI, you would have lost 14.91% of your investment in 707 days.

MercadoLibre, Inc. hosts an online platform in Latin America, called MercadoLibre and located at The Company has e-commerce operations in Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay and Venezuela. In addition, it also operates online trading platforms in Costa Rica, the Dominican Republic and Panama. MercadoLibre has two principal services: The MercadoLibre marketplace and The MercadoPago online payments solution. The MercadoLibre marketplace is a fully automated, topically arranged online trading service. The MercadoPago online payments solution is an integrated online payments solution. During the year ended December 31, 2008, visitors to its Website were able to browse an average of over 2.5 million total listings on any given day in over 2,000 different product categories. At December 31, 2008, the Company had over 33.7 million confirmed registered MercadoLibre users.

Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/27/2014 8:25 AM Sell
as of 10/17/2014
1 Week up  4.66 %
1 Month up  8.15 %
3 Months down  -19.87 %
1 YTD down  -9.44 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/3/2013 8:25 AM Hold

(*) Stock Price at the time of the recommendation.
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