MELI

Shares of MercadoLibre Inc (MELI) fell 3.60% in mid-day trading on Mar 26. The stock reached an intraday low of $2,104.10, before recovering slightly to $2,112.34, down from its previous close of $2,191.22. This places MELI 11.04% below its 52-week high of $2,374.54 and 59.42% above its 52-week low of $1,324.99. Trading volume was 182,787 shares, 41.6% of the average daily volume of 439,102.

There were notable actions by institutional investors. GQG Partners LLC sold 167,033 shares, reducing its position by 30.9% in the fourth quarter. Quantbot Technologies LP cut its holdings by 90.9% during the fourth quarter, reducing its position to 575 shares after selling 5,753 shares. Mitsubishi UFJ Trust & Banking Corp lessened its holdings by 3.9% in the 4th quarter, owning 94,981 shares after selling 3,860 shares. These sales and reductions in holdings by institutional investors could signal a lack of confidence in the company's future performance, leading to a negative perception among other investors.

The stock faced technical issues as it fell below its 50-day and 200-day moving averages, which could indicate a bearish trend.