Why MercadoLibre Shares Are Trading Lower By Around 10%? Here Are Other Stocks Moving In Friday’s Mid-Day Session

Shares of MercadoLibre, Inc. (NASDAQ: MELI) fell sharply during Friday’s session after the company reported fourth-quarter financial results.

MercadoLibre reported quarterly earnings of $3.25 per share, unchanged from the same period last year. The company reported quarterly sales of $4.26 billion, beating the analyst consensus estimate of $4.12 billion.

MercadoLibre shares dipped 9.6% to $1,643.30 on Friday.

Here are some other stocks moving in today’s mid-day session.

Gainers

AXT, Inc. (NASDAQ: AXTI) shares surged 74.4% to $3.9750 after the company reported better-than-expected fourth-quarter financial results.
Maravai LifeSciences Holdings, Inc. (NASDAQ: MRVI) shares jumped 60.8% to $8.22 after the company reported better-than-expected fourth-quarter financial results.
AtlasClear Holdings, Inc. (NYSE: ATCH) rose 48% to $1.6899.
EZFill Holdings Inc. (NASDAQ: EZFL) gained 44.6% to $ 1.8088.
Ocean Biomedical, Inc. (NASDAQ: OCEA) jumped 42.3% to $0.7819.
Gyre Therapeutics, Inc. (NASDAQ: GYRE) gained 36.2% to $21.79.
Carvana Co. (NYSE: CVNA) rose 31.2% to $68.77 after the company reported fourth-quarter financial results.
Sleep Number Corporation (NASDAQ: SNBR) gained 30.5% to $14.42 after the company reported better-than-expected fourth-quarter financial results. Also, Wedbush maintained a Neutral rating on the stock and raised its price target from $12 to $13.5.
ATN International, Inc. (NASDAQ: ATNI) rose 26% to $ 35.72.
Root, Inc. (NASDAQ: ROOT) gained 26% to $16.85 after the company reported better-than-expected fourth-quarter financial results. Following earnings, Cantor Fitzgerald upgraded the stock from Neutral to Overweight and raised its price target from $9 to $13.
Infobird Co., Ltd (NASDAQ: IFBD) gained 25.7% to $3.72.
Vroom, Inc. (NASDAQ: VRM) jumped 25.5% to $ 10.50. Vroom is expected to release fourth quarter earnings on March 13, 2024.
ATN International, Inc. (NASDAQ: ATNI) rose 25.4% to $35.61.
Intuitive Machines, Inc. (NASDAQ: LUNR) gained 22.4% to $10.14 after the company’s Odysseus spacecraft landed on the Moon.
Block, Inc. …

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