Behind the Scenes of MercadoLibre's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Recent options trading activity indicates a bearish sentiment among large investors towards MercadoLibre (NASDAQ:MELI). Benzinga's options scanner detected 37 unusual trades, with 45% being bearish. The stock is currently down 2.92% at $1978.62, and analysts have set an average target price of $2382.0.
September 06, 2024 | 6:16 pm
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MercadoLibre's stock is experiencing bearish sentiment from large investors, as indicated by recent options trading. The stock is down 2.92% and analysts have set an average target price of $2382.0.
The detection of 37 unusual options trades with a 45% bearish sentiment suggests that large investors are expecting a decline in MercadoLibre's stock price. The current stock price is down 2.92%, and the average analyst target price is $2382.0, indicating potential volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100