MercadoLibre Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish move has been observed in MercadoLibre's (NASDAQ:MELI) options trading. Analysis revealed 13 unusual trades, with 76% showing bearish tendencies. The significant investors are aiming for a price territory of $1200.0 to $1800.0 for MercadoLibre over the recent three months. The trading volume stands at 65,330, with MELI's price up 0.76%, positioned at $1385.19. Wedbush downgraded its action to Outperform with a price target of $1500.
November 07, 2023 | 4:01 pm
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NEGATIVE IMPACT
Bearish tendencies observed in MercadoLibre's options trading could potentially impact the stock negatively. However, the stock price is currently up by 0.76%.
The bearish tendencies observed in the options trading of MercadoLibre indicate a potential negative sentiment among investors. This could lead to a decrease in the stock price. However, the current increase in the stock price suggests that the impact may not be immediate.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100