Check Out What Whales Are Doing With MELI
Portfolio Pulse from Benzinga Insights
Investors with significant capital are showing interest in MercadoLibre (NASDAQ:MELI) through options trading, with a mix of bullish and bearish sentiments. The options activity suggests a price range of $1700 to $2400 for MELI. Analysts maintain a positive outlook with target prices ranging from $2025 to $2400.
August 29, 2024 | 7:49 pm
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Significant options trading activity in MercadoLibre (MELI) indicates a mix of bullish and bearish sentiments, with a predicted price range of $1700 to $2400. Analysts maintain a positive outlook with target prices up to $2400.
The unusual options activity, with more calls than puts, suggests a bullish sentiment among large investors. Analysts' target prices align with this sentiment, indicating potential upward movement in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100