What the Options Market Tells Us About MercadoLibre
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards MercadoLibre (NASDAQ:MELI), as revealed by Benzinga's options scanner. The scanner highlighted 18 extraordinary options activities, with 33% of the sentiment being bearish. The trading volumes and Open Interest suggest a price band between $1320.0 and $2200.0 for MercadoLibre. The stock is currently trading at $1892.72, down by -1.23%. Analysts have given it an average target price of $2251.25.
August 14, 2024 | 6:00 pm
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Deep-pocketed investors have shown a bearish sentiment towards MercadoLibre, with significant options activity indicating potential price movements. The stock is currently trading at $1892.72, down by -1.23%. Analysts have given it an average target price of $2251.25.
The significant bearish sentiment from deep-pocketed investors, as indicated by the options activity, suggests potential downward pressure on MercadoLibre's stock price in the short term. The current trading price is down by -1.23%, and the average analyst target price is $2251.25, indicating a potential for volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100