This Is What Whales Are Betting On MercadoLibre
Portfolio Pulse from Benzinga Insights
Whales are showing a bearish stance on MercadoLibre (NASDAQ:MELI) with 30% of options trades being bearish. The stock is currently trading at $2112.97, with a consensus target price of $2470.0. Analysts maintain positive ratings, but options activity suggests caution.
September 20, 2024 | 7:33 pm
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Whales are taking a bearish stance on MercadoLibre with 30% of options trades being bearish. Despite this, analysts maintain positive ratings with a consensus target price of $2470.0. The stock is currently trading at $2112.97.
The article highlights a bearish sentiment among large investors (whales) in the options market for MercadoLibre, with 30% of trades being bearish. This suggests potential downward pressure on the stock price in the short term. However, analysts maintain positive ratings and a higher target price, indicating mixed signals. The current trading price is $2112.97, close to the upper range of the options price window, suggesting limited immediate upside.
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IMPORTANCE 80
RELEVANCE 100