Check Out What Whales Are Doing With MELI
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on MercadoLibre (NASDAQ:MELI), with 63% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $1000.0 to $1400.0 for MercadoLibre over the last 3 months. The price of MELI is up 1.46% at $1170.47. Citigroup has maintained their Buy rating on MercadoLibre, with a price target of $1500.
July 07, 2023 | 4:32 pm
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NEGATIVE IMPACT
Significant investors have taken a bearish stance on MercadoLibre, with a majority of trades being bearish. However, Citigroup maintains a Buy rating with a price target of $1500.
The bearish stance taken by significant investors indicates a potential downward pressure on the stock. However, the Buy rating from Citigroup suggests a positive outlook, creating a mixed impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100