MELI Tumbles 0.96% as Trading Volume Plummets to 145th in U.S. Rankings Amid Sector-Wide Weakness

Mercadolibre (MELI) closed down 0.96% on Sept. 26 with a trading volume of $620 million, marking a 31.17% decline from the previous day’s activity. The stock ranked 145th in volume among U.S. equities, reflecting reduced liquidity and investor engagement compared to recent sessions.

Analysts attributed the underperformance to broader market dynamics affecting e-commerce platforms. While no company-specific announcements were reported, trading patterns indicated muted demand amid ongoing macroeconomic uncertainties. The decline aligns with sector trends as investors reassess risk exposure in volatile markets.

Back-test parameters for volume-based trading strategies were outlined, focusing on U.S. equities ranked by dollar trading volume. Key assumptions included equal-weighted long positions in the top 500 names, held for one trading day with no transaction cost adjustments. The test spanned from Jan. 3, 2022, to the latest session, providing a benchmark for liquidity-driven performance analysis.