MELI is trading 2.8% up now at $1663.86 as shares continue rebounding from a recent post-earnings selloff and profit-taking-driven pullback.
- The stock has experienced heightened volatility following Q1 2026 results, where robust 49% revenue growth was overshadowed by an EPS miss and rising operating costs.
- The current upward movement follows a sharp valuation reset that has triggered fresh positioning by institutional investors.