Why MercadoLibre Stock Soared 174.5% in 2020

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Shares of MercadoLibre (NASDAQ: MELI) soared 174.5% in 2020, according to data provided by S&P Global Market Intelligence.

Shares of the Latin American e-commerce company have been steadily climbing in the past three years but shot up significantly last year due to the pandemic, and are now trading close to an all-time high.

Image source: Getty images.

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