Mercado Libre flies on the stock market for innovation and Latin American consumption

May 25, 2023

Mercado Libre’s ADR (American Depositary Receipt) shares have gained more than 30% so far this year, outperforming other of its largest competitors in the market.

Mercado Libre went from 846.24 dollars per title at the end of December to a price of 1,266.91, which corresponds to 33.21%, this is much higher than the performance of companies such as Alibaba, which represents 1% in this statistic, and Amazon 10%. Mercado Libre Mercado Libre is a growing company, while Alibaba and Amazon are established companies.