Mercadolibre Inc. (MELI): Today's Featured Internet Laggard
(
) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day up 2.1%. By the end of trading, Mercadolibre fell $4.86 (-4.3%) to $108.53 on average volume. Throughout the day, 723,435 shares of Mercadolibre exchanged hands as compared to its average daily volume of 586,400 shares. The stock ranged in price between $107.75-$110.89 after having opened the day at $109.16 as compared to the previous trading day's close of $113.39. Other companies within the Internet industry that declined today were:
(
), down 6.7%,
Mediabistro
(
MBIS
), down 5.7%,
(
), down 5.6% and
(
), down 3.3%.
MercadoLibre, Inc. hosts online commerce platforms in Latin America. Its services are designed to provide users with mechanisms for buying, selling, paying, collecting, generating leads, and comparing listings through e-commerce transactions. Mercadolibre has a market cap of $4.9 billion and is part of the technology sector. Shares are up 41.2% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Mercadolibre a buy, 1 analyst rates it a sell, and 4 rate it a hold.
TheStreet Ratings rates
Mercadolibre
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Mercadolibre Ratings Report.
On the positive front,
(
), up 120.6%,
(
), up 7.3%,
(
), up 7.3% and
(
), up 7.2% , were all gainers within the internet industry with
(
) being today's featured internet industry leader.
- Use our internet section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider
First Trust Dow Jones Internet Idx
(
) while those bearish on the internet industry could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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