This Is What Whales Are Betting On MercadoLibre
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on MercadoLibre (NASDAQ:MELI), with 13 uncommon options trades spotted. The sentiment of these trades is split between 53% bullish and 46% bearish. The whales have been targeting a price range from $1060.0 to $1330.0 for MercadoLibre over the last 3 months. Citigroup has maintained their Buy rating on MercadoLibre, with a price target of $1500.
July 03, 2023 | 4:48 pm
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A large investor has taken a bullish stance on MercadoLibre, with 13 uncommon options trades spotted. The sentiment of these trades is split between 53% bullish and 46% bearish. Citigroup has maintained their Buy rating on MercadoLibre, with a price target of $1500.
The news of a large investor taking a bullish stance on MercadoLibre, along with Citigroup maintaining their Buy rating, indicates positive sentiment towards the stock. This could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100