Behind the Scenes of MercadoLibre's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Recent options activity for MercadoLibre (NASDAQ:MELI) shows a bullish trend among big-money investors, with 62% of trades being bullish. The options trades suggest a price target range of $1180.0 to $1890.0 over the next three months. Analysts maintain high target prices, with an average of $2251.25.
August 09, 2024 | 1:46 pm
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Recent options activity for MercadoLibre shows a bullish trend among big-money investors, with 62% of trades being bullish. Analysts maintain high target prices, with an average of $2251.25.
The significant bullish options activity and high analyst target prices suggest positive sentiment and potential upward movement in MercadoLibre's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100