Market Whales and Their Recent Bets on MELI Options
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish trend on MercadoLibre (NASDAQ:MELI) options, with 57% bearish trades among 14 unusual trades. The price band focus is between $1460.0 and $1910.0. The largest trades include both bullish and bearish sentiments, with significant open interest and volume in options. MercadoLibre, a leading e-commerce platform in Latin America, is currently trading at $1511.0, down by -1.17%. Analysts have set an average price target of $1980.0, with Citigroup and Wedbush providing recent ratings.
April 02, 2024 | 4:15 pm
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NEUTRAL IMPACT
MercadoLibre shows a bearish trend in options trading, with a current price dip to $1511.0. Analysts maintain a positive outlook with a target of $1980.0.
The bearish trend in options trading suggests short-term investor skepticism. However, the analyst ratings and the current trading price close to the lower end of the predicted price band indicate potential for recovery, especially with the upcoming earnings release. The mixed sentiment in options trading and analyst optimism contribute to a neutral short-term impact score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100