MercadoLibre ( MELI) hosts an online commerce platform in Latin America located at www.mercadolibre.com which is focused on enabling e-commerce and its related services. This stock is trading up 3% at $93.93 in recent trading after hitting a 52-week high of $95.48 earlier in the day. Today's Range: $91.00-$95.48 52-week Range: $48.30-$95.48 Volume: 633,000 shares Three-Month Average Volume: 656,925 shares MercadoLibre, one of TheStreet Ratings' top-rated Internet stocks, has a market cap of $4.11 billion and an enterprise value of $3.89 billion. The stock trades at a trailing price-to-earnings of 57.84 and a forward price-to-earnings of 39.94. Its estimated growth rate for this year is 37.8%, and for next year it's pegged at 33.1%. From a technical standpoint, this stock broke out earlier in the trading session above $89.99, but has since then reversed course off the daily highs and is now showing some bearish signs. Market players should watch for a bearish short trade to trigger if MELI closes below $89.99 on high-volume. Volume at last check is already tracking in very high, so watch the closing price.
SonoSite (Nasdaq:SONO) hit a new 52-week high Friday as it is currently trading at $53.74, above its previous 52-week high of $53.73 with 542,881 shares traded as of 1:25 p.m. ET. Average volume has been 214,800 shares over the past 30 days.
Shares of SonoSite (Nasdaq:SONO) were gapping up Thursday morning with an open price 26.8% higher than Wednesday's closing price. The stock closed at $42.24 yesterday and opened today's trading at $53.54.