This Is What Whales Are Betting On MercadoLibre
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on MercadoLibre (NASDAQ:MELI) by a large investor, as indicated by a large position in options. The overall sentiment of these big-money traders is split between 28% bullish and 71% bearish. The whales have been targeting a price range from $900.0 to $1680.0 for MercadoLibre over the last 3 months. UBS and Susquehanna have maintained their Buy and Positive ratings on MercadoLibre respectively, while New Street Research upgraded its action to Buy.
September 22, 2023 | 5:30 pm
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A large investor has taken a bearish stance on MercadoLibre, with a significant position in options. Analysts from UBS, Susquehanna, and New Street Research have maintained or upgraded their positive ratings on the company.
The bearish stance taken by a large investor, as indicated by a significant position in options, suggests a potential decrease in MercadoLibre's stock price in the short term. However, the positive ratings maintained or upgraded by analysts from UBS, Susquehanna, and New Street Research indicate a positive outlook for the company in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100