Looking At MercadoLibre's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on MercadoLibre (NASDAQ:MELI) as indicated by unusual options activity. The sentiment among these big-money traders is split between 37% bullish and 62% bearish. Whales have been targeting a price range from $750.0 to $1300.0 for MercadoLibre over the last 3 months. The price of MELI is currently down -1.37% at $1131.05. B of A Securities has downgraded its action to Neutral with a price target of $1350.
July 14, 2023 | 3:16 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Unusual options activity indicates a bearish stance on MercadoLibre. The sentiment among big-money traders is 62% bearish, targeting a price range of $750-$1300. The price of MELI is currently down -1.37%.
The unusual options activity, with a majority bearish sentiment, indicates that big-money traders are expecting the price of MELI to decrease. This, coupled with the current price decrease of -1.37%, suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100