MercadoLibre Unusual Options Activity For October 03
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 30% bullish and 70% bearish. The whales have been targeting a price range from $700.0 to $1800.0 for MercadoLibre over the last 3 months. Currently, MELI's price is down -1.22% at $1244.01. Susquehanna has maintained their Positive rating on MercadoLibre with a price target of $1625.
October 03, 2023 | 4:01 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on MercadoLibre. The current price is down -1.22% at $1244.01. Susquehanna maintains a Positive rating with a price target of $1625.
The unusual options activity, with a 70% bearish sentiment, indicates that large investors are expecting a potential drop in MercadoLibre's stock price. However, Susquehanna's maintained Positive rating and price target of $1625 suggest a long-term positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100