MercadoLibre Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for MercadoLibre (NASDAQ:MELI), with a bearish stance being taken by a majority of investors. Of the 53 strange trades detected, 41% were bullish and 58% were bearish. The price target range for MercadoLibre over the last 3 months has been between $820.0 to $1840.0. The current price of MELI is up 2.86% at $1118.21. B of A Securities has downgraded its action to Neutral with a price target of $1350.
July 11, 2023 | 6:17 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Unusual options activity has been detected for MercadoLibre, with a bearish stance being taken by a majority of investors. The price target range for MercadoLibre over the last 3 months has been between $820.0 to $1840.0. The current price of MELI is up 2.86% at $1118.21.
The bearish stance taken by a majority of investors in the unusual options activity could potentially lead to a decrease in the stock price of MercadoLibre in the short term. The price target range indicates a potential for both increase and decrease in the stock price. However, the current price is up, indicating a positive trend. The downgrade by B of A Securities could also impact the stock price negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100