Check Out What Whales Are Doing With MELI
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on MercadoLibre (NASDAQ:MELI), with 54% of investors opening trades with bullish expectations and 45% with bearish. The whale has been targeting a price range from $1200.0 to $1430.0 for MercadoLibre over the last 3 months. The price of MELI is up 0.51% at $1394.92. Wedbush has downgraded its action to Outperform with a price target of $1500.
November 06, 2023 | 4:46 pm
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Whale investor has taken a bullish stance on MercadoLibre, with majority of investors opening trades with bullish expectations. The price of MELI is up and Wedbush has downgraded its action to Outperform with a price target of $1500.
The bullish stance by a whale investor and the majority of investors opening trades with bullish expectations indicate a positive sentiment towards MELI. The price increase and the Outperform rating by Wedbush further support this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100