MercadoLibre Trading Volume Plummets 45.96% to 140th Position Despite Stock Price Rise

On March 27, 2025, MercadoLibre (MELI) experienced a significant decline in trading volume, with a total of $559 million in shares traded, marking a 45.96% decrease from the previous day. This placed MercadoLibre at the 140th position in terms of trading volume for the day. Despite this, the stock price of MercadoLibre rose by 1.01%.

MercadoLibre is currently in a double-bottom base formation, with analysts predicting robust profit growth for the company in 2025 and 2026. This positive outlook is driven by MercadoLibre's dominant position in the Latin American online retail space, where it holds a similar status to Amazon in the United States. The company's strong performance has led to an all-time high in its stock price following the release of its latest earnings report. Shares are now in a buy zone, with a buy point of $2146.82.