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2024-02-23 12:00:44 ET
Shares of MercadoLibre (NASDAQ: MELI) were sliding today as a narrowing gross margin and expectations of slowing growth seemed to overshadow a strong quarter. The company's reported profit was also impacted by a one-time tax liability.
As a result, the stock was trading down 12.9% as of 10:31 a.m. ET.
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Why MercadoLibre Stock Took a Dive TodayNews, Short Squeeze, Breakout and More Instantly...
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