MercadoLibre Shares Plunge 10% Amid Latin American Political Developments

India, Oct. 26 -- Shares of MercadoLibre (MELI) plunged nearly 10% following reports of the outcome of Brazil's presidential election.

The stock is trading at $1,635.66, down $174.49 or 9.64%, on the Nasdaq. It opened at $1,582.50 after closing the previous session at $1,810.15. The stock has traded between $1,495.00 and $2,428.00 over the past 52 weeks.

MercadoLibre is a Latin American e-commerce and fintech company with operations across the region. The decline came amid political developments in Brazil, where Luiz Inacio Lula da Silva reportedly won a fourth presidential term, defeating Liberal Party candidate Flavio Bolsonaro in the October 26 runoff.

For comments and feedback contact: [e-mail]

Published by HT Digital C...