On September 28, MercadoLibre fell 3.62% in regular trading, trading at $1,705.00/share, with turnover of $95.253 million, extending a multi-week decline.

On the news front, renowned investor Michael Burry — famous for predicting the subprime mortgage crisis — has disclosed that he has exited his MercadoLibre position, while multiple institutions have issued risk warnings on the stock. Notably, Burry had publicly bought MercadoLibre in May, praising it as the Amazon of Brazil, Mexico, and Argentina, and further added it to his long holdings in August. His abrupt reversal has heightened market concern. Earlier, UBS cut its price target to $1,750 from $2,050 while maintaining a Neutral rating, and Citigroup downgraded the stock to Neutral from Buy, lowering its target to $1,950 from $2,200.

Despite MercadoLibre delivering a strong Q2 with revenue surpassing $10 billion and EPS of $9.19 beating the $8.58 consensus estimate, earnings per share declined 10.86% year-over-year. The stock has fallen approximately 9.48% in September and 12.99% year-to-date, reflecting persistent investor caution over profitability trends amid aggressive reinvestment.

(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.)