MercadoLibre, Inc. ( NASDAQ:MELI – Free Report ) traded down 7.3% on Thursday . The company traded as low as $1,145.50 and last traded at $1,155.85. 373,115 shares changed hands during trading, a decline of 23% from the average session volume of 484,614 shares. The stock had previously closed at $1,247.36. Analyst Ratings Changes MELI has been the topic of a number of recent research reports. BTIG Research raised their price objective on MercadoLibre from $1,400.00 to $1,600.00 in a research note on Thursday, May 4th.

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