MercadoLibre CEO Sells $188 Million of Stock After Shares Surge
- Marcos Galperin’s trust unloads 100,000 shares on Tuesday
- E-commerce firm’s stock jumped after posting quarterly results
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Marcos Galperin, the co-founder and chief executive officer of Latin American e-commerce and payments giant MercadoLibre Inc., sold shares for the first time this year after a strong quarterly report boosted the stock.
Meliga No. 1 Limited Partnership, which is part of the Galperin Trust, sold 100,000 shares on Tuesday, according to a filing, raising about $188.4 million. He last sold shares between March and December of 2023, the filing said.