MercadoLibre Surges to 31st in Daily Rankings with $17.63 Billion Turnover Despite Stock Decline

Generated by AI AgentAinvest Volume Radar
Friday, Jun 6, 2025 8:06 pm ET1min read

On June 6, 2025,

(MELI) experienced a significant surge in trading volume, with a total turnover of $17.63 billion, marking an 186.66% increase from the previous day. This substantial rise placed MercadoLibre at the 31st position in the daily stock market rankings. However, despite the high trading volume, the stock price of MercadoLibre declined by 3.85%.

MercadoLibre has recently expanded its free shipping policy in Brazil, one of its key markets. The company announced that purchases of 19 reais ($3.40) or more are now eligible for free shipping, a significant reduction from the previous minimum of 79 reais ($14.15). This move is aimed at enhancing customer satisfaction and increasing sales volume in the competitive Brazilian market.

Jefferies analysts have downgraded MercadoLibre, citing concerns over the company's valuation and competitive pressures. This downgrade has contributed to the recent decline in the stock price, as investors reassess the company's growth prospects and market position.

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