Is It Too Late to Buy MercadoLibre Stock?
Often dubbed the "Amazon of Latin America," this stock has rocketed to new heights in recent months.
MercadoLibre (NASDAQ: MELI) stock took several years to reach new highs after dropping over 50% once the air let out of the 2020-2021 stock market bubble, inflated by zero-percent interest rates as part of the COVID-19 pandemic response.
But since hitting new highs late last year, it's been off to the races. Shares of the Latin American e-commerce giant have surged 50% since January.
You might be wondering whether this is a new chapter for a stock that has returned nearly 9,000% since 2007, or if MercadoLibre is currently in another bubble getting ready to burst.
