Trade-Ideas: Mercadolibre (MELI) Is Today's Post-Market Leader Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Mercadolibre ( MELI) as a post-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Mercadolibre as such a stock due to the following factors:

  • MELI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $75.1 million.
  • MELI is up 4.4% today from today's close.

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More details on MELI:

MercadoLibre, Inc. hosts online commerce platforms in Latin America. It offers MercadoLibre Marketplace, an automated online e-commerce service for businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. The stock currently has a dividend yield of 0.3%. MELI has a PE ratio of 93.4. Currently there are 4 analysts that rate Mercadolibre a buy, 1 analyst rates it a sell, and 1 rates it a hold.

The average volume for Mercadolibre has been 473,300 shares per day over the past 30 days. Mercadolibre has a market cap of $6.7 billion and is part of the services sector and retail industry. The stock has a beta of 2.46 and a short float of 20.1% with 10.60 days to cover. Shares are up 19.3% year-to-date as of the close of trading on Tuesday.

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