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Business
Ryan Hasson

MercadoLibre Stock Is in Deep Pullback Territory: Time to Buy?

MercadoLibre MELI e-commerce MarketBeat

MercadoLibre (NASDAQ: MELI), often referred to as the Amazon (NYSE: AMZN) of Latin America, may be approaching discount territory. The stock has fallen almost 40% from its all-time high and is now down nearly 20% year to date.

Market selloffs can be uncomfortable, but they also create long-term buying opportunities in great companies.

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