MELI is trading 2.7% up at $1,719.74 as it extends a sharp recovery from its recent post-earnings selloff and profit-taking pullback.
- Broader risk-on sentiment in the tech and growth sectors is fueling the move as major indices trade higher.
- Investors are refocusing on the company's strong Q1 revenue growth of ~49%, looking past the initial pressure from an EPS miss.
- Today's price action reflects a continuation of last week's rebound rather than a fresh company-specific catalyst.