MercadoLibre, Inc. (MELI) shares gained 5.67% today (2023-08-10). 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 5.67% (or 74.40 points) to $1,387.06 from its previous close of $1,312.66. So is it the right moment to buy?
Read more: MercadoLibre, Inc. (MELI) shares gained 5.67% today (2023-08-10). Is it the right time to buy?