Cramer Says Buy Mercadolibre (MELI) on a Pullback

December 10, 2008 2:54 PM EST
Get Alerts MELI Hot Sheet
Price: $1,922.73 +0.04%

Rating Summary:
    29 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Shares of Mercadolibre (Nasdaq: MELI) just popped slightly in intraday trading following a Cramer recommendation on Stop Trading!. Cramer said he would be a buyer of the e-commerce company on a pullback. Cramer also noted that Mercadolibre stock recently went from about $7 to $14 in just several weeks of trading.

The stock is currently up 8% to $15.50.

Mercadolibre, Inc., together with its subsidiaries, hosts an online trading and payments platform in Latin America.

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