U.S. stocks closed mixed on Thursday following the release of weekly jobless claims data. Here is the list of some big stocks moving higher in the previous session.
Someone with a lot of money to spend has taken a bearish stance on MercadoLibre (NASDAQ:MELI).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
MercadoLibre (NASDAQ:MELI) has outperformed the market over the past 15 years by 18.36% on an annualized basis producing an average annual return of 25.35%. Currently, MercadoLibre has a market capitalization of $42.57 billion.
A whale with a lot of money to spend has taken a noticeably bearish stance on MercadoLibre.
Looking at options history for MercadoLibre (NASDAQ:MELI) we detected 21 strange trades.
Someone with a lot of money to spend has taken a bearish stance on MercadoLibre (NASDAQ:MELI).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
MercadoLibre's (NASDAQ:MELI) short percent of float has risen 21.92% since its last report. The company recently reported that it has 1.09 million shares sold short, which is 2.67% of all regular shares that are available for trading.
Benzinga, a media and data provider bridging the gap between retail and institutional investors, is bringing back its annual Global Fintech Awards event to New York City on Dec. 8, 2022.