This Is What Whales Are Betting On MercadoLibre
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on MercadoLibre (NASDAQ:MELI), with 57% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $560.0 to $1640.0 for MercadoLibre over the last 3 months. The price of MELI is up 0.72% at $1235.0. Susquehanna has maintained their Positive rating on MercadoLibre, with a price target of $1625.
October 17, 2023 | 6:01 pm
News sentiment analysis
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NEGATIVE IMPACT
A whale investor has taken a bearish stance on MercadoLibre, indicating potential downward pressure on the stock. However, Susquehanna has maintained a positive rating on the stock.
The bearish stance taken by a whale investor indicates a potential downward pressure on the stock. However, the positive rating maintained by Susquehanna could counteract this to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100