MercadoLibre Up Over 2% (MELI)

MercadoLibre, Inc. MELI shares have turned higher, gaining more than 2% today, bucking the market trend, which is down sharply today. At last check, shares of MercadoLibre, known by many as the "eBay of Latin America," were up $2.10 to $88.26, a gain of 2.44%. MercadoLibre, Inc., through its subsidiaries, hosts online commerce and payments platforms in Latin America. Its services are designed to provide its users with mechanisms to buy, sell, pay for, and collect on e-commerce transactions