MercadoLibre, Inc. (MELI) shares gained 13.59% today (2023-08-03). Is it the right time to buy?

What’s happening at MercadoLibre, Inc. (NasdaqGS:MELI)? What made the stock one of the top performing stock today? The company is indeed among the top gainers of the stock market, skyrocketing 13.59% (or 158.30 points) to $1,323.11 from its previous close of $1,164.81. So is it the right moment to buy?
Read more: MercadoLibre, Inc. (MELI) shares gained 13.59% today (2023-08-03). Is it the right time to buy?