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 66% bullish and 33% bearish. The whales have been targeting a price range from $1000.0 to $1410.0 for MercadoLibre over the last 3 months. Susquehanna has maintained their Positive rating on MercadoLibre, with a price target of $1625.
October 10, 2023 | 3:16 pm
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Unusual options activity indicates a bullish stance on MercadoLibre. The sentiment among big-money traders is 66% bullish. Susquehanna maintains a Positive rating with a price target of $1625.
The unusual options activity indicates that big-money traders are bullish on MercadoLibre. This, combined with the Positive rating from Susquehanna, suggests a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100