MercadoLibre's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Recent options activity for MercadoLibre (NASDAQ:MELI) shows a mixed sentiment among investors, with a slight bearish tilt. Analysts maintain positive ratings with target prices ranging from $2100 to $2480. The stock is currently trading at $2030.71, down 1.5%.
September 03, 2024 | 2:01 pm
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NEUTRAL IMPACT
Options activity for MercadoLibre shows a mixed sentiment with a slight bearish tilt. Analysts maintain positive ratings with target prices ranging from $2100 to $2480. The stock is currently trading at $2030.71, down 1.5%.
The options activity indicates a mixed sentiment with a slight bearish tilt, as 35% of trades are bearish compared to 28% bullish. However, analysts maintain positive ratings with target prices above the current trading price, suggesting potential upside. The stock's current price is down 1.5%, reflecting short-term bearish sentiment. Overall, the mixed signals result in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100