MELI Falls 13% in Three Months: Should You Hold or Fold the Stock?

Key Takeaways MELI shares have fallen 13% in three months, underperforming the sector and industry peers.MELI earns over 90% of revenues from Brazil, Argentina and Mexico, amplifying FX and policy risks. MELI's forward P/E stands at 36.63X, well above industry and sector averages, indicating premium valuation. MercadoLibre (MELI) shares have declined 13% over the past three months, underperforming the Zacks Retail-Wholesale sector and the Zacks Internet-Commerce industry’s growth of 3.4% and 5.7%, respectiv ...