Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. MercadoLibre Inc shares valued at $329,646,000 were purchased by Meliga No.1 Limited Partnershi on Feb 26 ’25. At $2197.64 per share, Meliga No.1 Limited Partnershi acquired 150,000 shares.
Also, Calemzuk Emiliano sold 50 shares, netting a total of over 99,249 in proceeds. Following the sale of shares at $1984.98 each, the insider now holds 238 shares.
Before that, Calemzuk Emiliano had added 50 shares to its account. In a trade valued at $104,230, the Director bought MercadoLibre Inc shares for $2084.60 each.
As published in their initiating research note from The Benchmark Company on April 15, 2025, MercadoLibre Inc [MELI] has been a Buy and the price target has been revised to $2500. Analysts at New Street upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late January. As of January 21, 2025, Raymond James has increased its “an Outperform” rating to a “Strong buy” for MELI. Earlier on October 11, 2024, Redburn Atlantic initiated its rating. Their recommendation was “a Buy” for MELI stock.
Analyzing MELI Stock Performance
During the last five days, there has been a surge of approximately 8.92%. Over the course of the year, MercadoLibre Inc shares have jumped approximately 37.07%. Shares of the company reached a 52-week high of $2,374.54 on 02/21/25 and a 52-week low of $1,707.31 on 01/02/25. A 50-day SMA is recorded $2,068.64, while a 200-day SMA reached $1,961.21.
Support And Resistance Levels for MercadoLibre Inc (MELI)
According to the 24-hour chart, there is a support level at 2,253.28, which, if violated, would cause prices to drop to 2,175.72. In the upper region, resistance lies at 2,372.96. The next price resistance is at 2,415.07. RSI (Relative Strength Index) is 67.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 142.97, which suggests the price will increase in the coming days. Percent R is at 1.41%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
