On September 25, MercadoLibre fell 3.02% in regular trading, trading at $1,744.20/share, with turnover of $686 million.
On the news front, renowned investor Michael Burry — famous for successfully predicting the subprime mortgage crisis — has disclosed his latest portfolio adjustment, revealing that he has fully exited his MercadoLibre position. Multiple institutions have simultaneously issued risk warnings on the stock. Notably, Burry had publicly bought into MercadoLibre as recently as May, praising it as the Amazon of Brazil, Mexico, and Argentina, and further added to his long position in August. His abrupt reversal has rattled market sentiment.
In broader context, MercadoLibre completed a $1 billion senior unsecured notes offering in early September, carrying a 5.850% interest rate with proceeds earmarked for general corporate purposes and liquidity enhancement. As the dominant e-commerce and fintech platform across Latin America, MercadoLibre operates marketplace, payments, credit, logistics, and advertising segments. The company last reported EPS of $9.19 for the June quarter, with the next earnings expected in early November with a consensus EPS estimate of $9.42.
Within the Broadline Retail sector, Amazon.com fell 0.07%, Alibaba rose 0.44%, Coupang fell 1.44%, Etsy fell 6.51%, and PDD Holdings fell 1.34%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)