Here's How Much $1000 Invested In MercadoLibre 15 Years Ago Would Be Worth Today
Portfolio Pulse from Benzinga Insights
Over the past 15 years, MercadoLibre (NASDAQ:MELI) has produced an average annual return of 37.11%, outperforming the market by 25.11% on an annualized basis. A $1000 investment in MELI 15 years ago would be worth $119,261.41 today. MercadoLibre's market capitalization currently stands at $81.88 billion.
December 18, 2023 | 9:30 pm
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MercadoLibre's stock has significantly outperformed the market with a 37.11% average annual return over the past 15 years, turning a $1000 investment into $119,261.41.
The historical performance data of MercadoLibre (MELI) demonstrates the company's strong growth over a significant period, which is likely to inspire investor confidence and could lead to a positive short term impact on the stock price as it highlights the company's long-term value creation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100