I believe it will, should have already, but is being affected by the broader selloff. MELI was a fund favorite, so I'm guessing it is also one of the stocks being unloaded and shorted.
Very tough to trade the big boards lately. Because of the margin calls and funds unloading good stocks, the current valuations are not a fair reflection of value, imho.
We'll have to wait for the dust to settle before anything resembles a normal market again, tho...just my guess
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