MercadoLibre Unusual Options Activity For September 05
Portfolio Pulse from Benzinga Insights
A significant bullish 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 58% bullish and 41% bearish. The whales have been targeting a price range from $1040.0 to $1800.0 for MercadoLibre over the last 3 months. Several financial institutions have maintained their positive ratings on MercadoLibre, with price targets ranging from $1500 to $2180.
September 05, 2023 | 2:16 pm
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Unusual options activity indicates a bullish stance on MercadoLibre. The sentiment among big-money traders is split between 58% bullish and 41% bearish. Financial institutions maintain positive ratings with price targets from $1500 to $2180.
The unusual options activity indicates that a large investor is bullish on MercadoLibre, which could potentially drive the stock price up. Additionally, several financial institutions have maintained their positive ratings on the company, further supporting the bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100