This Is What Whales Are Betting On MercadoLibre
Portfolio Pulse from Benzinga Insights
A large investor has taken a bearish stance on MercadoLibre (NASDAQ:MELI), with 13 uncommon options trades spotted. The sentiment among these big-money traders is split between 38% bullish and 61% bearish. Whales have been targeting a price range from $720.0 to $1520.0 for MercadoLibre over the last 3 months. Susquehanna has maintained their Positive rating on MercadoLibre, with a price target of $1625.
October 06, 2023 | 3:30 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on MercadoLibre, indicating potential downward pressure on the stock. However, Susquehanna maintains a Positive rating with a price target of $1625.
The bearish stance taken by a large investor, as indicated by the uncommon options trades, suggests that there may be downward pressure on MercadoLibre's stock in the short term. However, the Positive rating maintained by Susquehanna indicates a longer-term bullish outlook, which could potentially counteract some of this downward pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100