Large Outflow of Money Witnessed in MercadoLibre

MercadoLibre (MELI) : Net money flow in MercadoLibre (MELI) was negative ($28.06 million) and the inflow of money on uptick was $13.58 million, whereas, the outflow of money on downticks amounted to $41.64 million on Friday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.33. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $25.31 million. The money flow in block trades was negative ($25.31). MercadoLibre (MELI) gained $0.83 cent during the day and reached $154.24, a gain of 0.54% over the previous day.


MercadoLibre (MELI) : 6 Wall Street analysts covering MercadoLibre (MELI) believe that the average level the stock could reach for the short term is $135.5. The maximum price target given is $160 and the minimum target for short term is around $100, hence the standard deviation is calculated at $22.71.

MercadoLibre (NASDAQ:MELI): stock turned positive on Friday. Though the stock opened at $153.25, the bulls momentum made the stock top out at $155.84 level for the day. The stock recorded a low of $152.75 and closed the trading day at $154.24, in the green by 0.54%. The total traded volume for the day was 506,936. The stock had closed at $153.41 in the previous days trading.

In a related news, The Securities and Exchange Commission has divulged that Tolda Stelleo, officer (Executive VP and COO) of Mercadolibre Inc, had unloaded 3,000 shares at an average price of $138.83 in a transaction dated on December 9, 2014. The total value of the transaction was worth $416,490.

MercadoLibre, Inc. hosts an online commerce platform in Latin America, which is focused on enabling e-commerce and its related services. The Company provides a portfolio of services facilitating e-commerce transactions in Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, Mexico, Peru, Uruguay and Venezuela. The Company also operates online commerce platforms in the Dominican Republic, Panama and Portugal. The Company offers its users an eco-system of six related e-commerce services: the MercadoLibre Marketplace, The MercadoLibre Classifieds Service, the MercadoPago payments solution, the MercadoLibre Advertising program, the MercadoShops online stores solution and the Mercado Envios shipping service. The Company also operates a real estate classified platform that covers some areas of State of Florida in the United States.

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