MercadoLibre Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on MercadoLibre (NASDAQ:MELI) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 47% bullish and 52% bearish. The whales have been targeting a price range from $900.0 to $1760.0 for MercadoLibre over the last 3 months. The current price of MELI is up 11.94% at $1303.92. Analysts from B of A Securities, Jefferies, and Credit Suisse have given neutral to positive ratings with price targets ranging from $1300 to $1780.
August 04, 2023 | 1:50 pm
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Unusual options activity indicates a bearish stance on MercadoLibre. The sentiment among big-money traders is split, with price targets ranging from $900 to $1760. The current price of MELI is up 11.94% at $1303.92.
The unusual options activity indicates that a large investor has taken a bearish stance on MercadoLibre. However, the sentiment among these traders is split, with a slight lean towards bearish. This could potentially lead to increased volatility in the stock price. The current price of MELI is up, but the price targets given by analysts suggest that there is potential for both growth and decline. Therefore, the short-term impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100