Looking At MercadoLibre's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on MercadoLibre (NASDAQ:MELI) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 57% bullish and 42% bearish. Whales have been targeting a price range from $1040.0 to $1800.0 for MercadoLibre over the last 3 months. The current price of MELI is down -2.16% at $1262.66. New Street Research, UBS, and Susquehanna have maintained positive ratings on MercadoLibre with price targets of $1650, $1700, and $1625 respectively.
September 26, 2023 | 5:00 pm
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Unusual options activity indicates a significant bullish stance on MercadoLibre. The current price is down -2.16% at $1262.66. Positive ratings have been maintained by New Street Research, UBS, and Susquehanna.
The unusual options activity indicates that big-money traders are taking a bullish stance on MercadoLibre. This, combined with the positive ratings maintained by New Street Research, UBS, and Susquehanna, suggests a potential upward movement in the short term despite the current price being down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100