Here's How Much You Would Have Made Owning MercadoLibre Stock In The Last 10 Years
Portfolio Pulse from Benzinga Insights
MercadoLibre (NASDAQ:MELI) has outperformed the market over the past 10 years by 15.7% on an annualized basis, producing an average annual return of 25.59%. If an investor had bought $100 of MELI stock 10 years ago, it would be worth $918.97 today.
October 02, 2023 | 5:00 pm
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MercadoLibre's stock has shown strong performance over the past 10 years, outperforming the market by 15.7% on an annualized basis.
The article highlights the strong performance of MercadoLibre's stock over the past decade, which has significantly outperformed the market. This is likely to boost investor confidence in the stock, potentially leading to increased demand and upward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100