This Is What Whales Are Betting On MercadoLibre
Portfolio Pulse from Benzinga Insights
Wealthy investors have taken a bullish stance on MercadoLibre (NASDAQ:MELI), as evidenced by recent options trades tracked by Benzinga. The sentiment is split with 37% bullish and 25% bearish. Significant options trades include 6 calls and 2 puts, targeting a price range of $1520.0 to $1690.0. MercadoLibre's stock is currently trading at $1694.95, up by 0.45%, with the next earnings report due in 13 days.
July 23, 2024 | 2:02 pm
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Wealthy investors have shown a bullish stance on MercadoLibre through significant options trades. The stock is currently trading at $1694.95, up by 0.45%. The next earnings report is due in 13 days.
The significant options trades, particularly the higher number of calls compared to puts, indicate a bullish sentiment among wealthy investors. This is likely to positively impact the stock price in the short term. Additionally, the upcoming earnings report could further influence the stock's performance.
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