• Tue. Dec 5th, 2023

$1000 Invested In This Stock 5 Years Ago Would Be Worth $3,800 Today – MercadoLibre (NASDAQ:MELI)

ByBenzinga Insights

Mar 31, 2023
Where Nevro Stands With Analysts

MercadoLibre MELI has outperformed the market over the past 5 years by 21.51% on an annualized basis producing an average annual return of 30.89%. Currently, MercadoLibre has a market capitalization of $66.19 billion.

Buying $1000 In MELI: If an investor had bought $1000 of MELI stock 5 years ago, it would be worth $3,793.35 today based on a price of $1317.05 for MELI at the time of writing.

MercadoLibre’s Performance Over Last 5 Years

Finally — what’s the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

Image and article originally from www.benzinga.com. Read the original article here.