MercadoLibre (NASDAQ:MELI) has outperformed the market over the past 15 years by 20.7% on an annualized basis producing an average annual return of 33.64%. Currently, MercadoLibre has a market capitalization of $77.06 billion.
Buying $100 In MELI: If an investor had bought $100 of MELI stock 15 years ago, it would be worth $7,729.82 today based on a price of $1520.00 for MELI at the time of writing.
MercadoLibre's Performance Over Last 15 Years
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.