This Is What Whales Are Betting On MercadoLibre
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing significant interest in MercadoLibre (NASDAQ:MELI) options, with a mix of bullish and bearish sentiments. The options activity suggests a price window between $1800 and $2300. Analysts have mixed ratings, with an average target price of $2326.
September 10, 2024 | 3:16 pm
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Significant options activity in MercadoLibre (MELI) indicates mixed investor sentiment, with a price target range of $1800-$2300. Analysts have varied ratings, with an average target price of $2326.
The unusual options activity in MercadoLibre suggests that investors are expecting significant price movements. The mixed sentiment (55% bullish, 44% bearish) and the price target range of $1800-$2300 indicate potential volatility. Analysts' ratings support a positive outlook with an average target of $2326, which is above the current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100