MercadoLibre Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on MercadoLibre (NASDAQ:MELI), with 61% of detected unusual options trades being bearish. Whales have been targeting a price range of $1,000 to $2,000 for MercadoLibre over the last 3 months. Major banks maintain positive ratings on the stock.
May 31, 2023 | 4:32 pm
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NEUTRAL IMPACT
A whale has taken a bearish stance on MercadoLibre, with 61% of detected unusual options trades being bearish. Major banks maintain positive ratings on the stock.
The bearish stance taken by the whale may cause short-term volatility in MELI's stock price. However, major banks maintain positive ratings on the stock, which could counterbalance the bearish sentiment. As a result, the short-term impact on MELI's stock price is neutral.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100