This Is What Whales Are Betting On Merck & Co
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Merck & Co (NYSE:MRK), with 66% of detected trades having bearish expectations. Whales have been targeting a price range of $105 to $135 for Merck & Co over the last 3 months. Cantor Fitzgerald downgraded its action to Overweight with a price target of $135.
June 07, 2023 | 7:33 pm
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Whale investor takes a bearish stance on Merck & Co, with 66% of detected trades being bearish. Cantor Fitzgerald downgrades to Overweight, price target $135.
The bearish stance taken by a whale investor, along with the majority of detected trades being bearish, indicates a potential short-term negative impact on Merck & Co's stock price. Additionally, Cantor Fitzgerald's downgrade to Overweight with a price target of $135 may also contribute to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100