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 33% bullish and 66% bearish. The whales have been targeting a price range from $580.0 to $1660.0 for MercadoLibre over the last 3 months. The current price of MELI is down -2.6% at $1215.06. Major financial institutions like Goldman Sachs, Jefferies, Credit Suisse, Barclays, and JP Morgan have maintained their ratings on MercadoLibre.
August 17, 2023 | 6:46 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on MercadoLibre. The sentiment among big-money traders is 66% bearish. Major financial institutions have maintained their ratings on the company.
The unusual options activity, with a significant bearish stance, indicates that large investors are expecting the price of MercadoLibre to decrease. This could potentially lead to a short-term drop in the stock price. However, the maintained ratings from major financial institutions suggest a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100