Check Out What Whales Are Doing With MELI - MercadoLibre (NASDAQ:MELI)

Group 1 - Deep-pocketed investors are showing a bullish approach towards MercadoLibre, indicating potential significant developments ahead [1] - Recent options activity for MercadoLibre has been extraordinary, with 45 notable options trades, where 44% are bullish and 31% bearish [2] - The price target for MercadoLibre, based on options volume and open interest, ranges from $960.0 to $2980.0 over the last three months [3] Group 2 - The average open interest for MercadoLibre options is 62.95, with a total volume of 159.00, reflecting trading activity within the price range of $960.0 to $2980.0 over the past 30 days [4] - Significant options trades include both bullish and bearish sentiments, with notable trades involving puts and calls at various strike prices [9] - MercadoLibre operates the largest e-commerce marketplace in Latin America, with approximately 150 million active users and over 600 million listings across 18 countries [11] Group 3 - Recent expert ratings on MercadoLibre suggest an average target price of $2825.0, with one analyst maintaining a Buy rating at a target of $2900 and another adjusting to $2750 [13][14] - Current trading volume for MercadoLibre stands at 308,608, with the stock price at $1928.54, reflecting a slight decrease of -0.27% [16]