Large Outflow of Money Witnessed in MercadoLibre

MercadoLibre (MELI) : The value of composite uptick trades was $62.67 million, whereas, the value of composite downtick trades was $67.32 million. The uptick to downtick ratio stood at 0.93 with a negative money flow of ($4.65) Million during Fridays trading session. The block trades money flow was negative ($0.35 million).The uptick to the downtick ratio of 1.09 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $4.05 million. The transaction of the trades on downticks amounted to $3.71 million, which confirms investors selling on the strength of price. MercadoLibre (MELI) gained 1148 cents at $185.16, an increase of 6.61% over the previous days close.


The company Insiders own 0.36% of MercadoLibre shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -34.04% . Institutional Investors own 75.95% of MercadoLibre shares. During last six month period, the net percent change held by insiders has seen a change of -34.04%.

In a related news,The officer (EVP-Chief Technology Officer) of Mercadolibre Inc, Rabinovich Daniel sold 6,195 shares at $166.61 on August 19, 2016. The Insider selling transaction had a total value worth of $1,032,149. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

MercadoLibre (NASDAQ:MELI): The stock opened at $178.17 and touched an intraday high of $188.13 on Friday. During the day, the stock corrected to an intraday low of $176.92, however, the bulls stepped in and pushed the price higher to close in the green at $186.16 with a gain of 7.19% for the day. The total traded volume for the day was 1,557,587. The stock had closed at $173.68 in the previous trading session.

MercadoLibre (MELI) : Traders are bullish on MercadoLibre (MELI) as it has outperformed the S&P 500 by a wide margin of 7.76% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 10.95%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 11.51% in the last 1 week, and is up 7.62% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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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