MercadoLibre (NASDAQ: MELI), Latin America's largest e-commerce company, has seen its share price almost triple over the last year. The company was already growing rapidly before the pandemic, and the crisis accelerated digital adoption and pushed the continent to embrace online payments and e-commerce like never before. The company's numbers demonstrate the strength of this trend.
Most high-growth technology stocks are well off their highs, and Latin American e-commerce and fintech giant MercadoLibre (NASDAQ: MELI) is no exception. In this Fool Live video clip, recorded on April 1, Fool.com contributors Matt Frankel, CFP and Brian Feroldi discuss why this business has so much long-term potential and why investors should take a closer look while it's on sale. Matt Frankel: MercadoLibre is about 23% off its 52-week high as I'm speaking.
MercadoLibre (MELI) closed at $1,584.73 in the latest trading session, marking a -0.21% move from the prior day.