Merck & Co Unusual Options Activity For June 21
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Merck & Co (NYSE:MRK), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 11 uncommon options trades, with 36% bullish and 63% bearish sentiment. The price target range for Merck & Co over the last 3 months is $90.0 to $120.0.
June 21, 2023 | 7:48 pm
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A large investor has taken a bearish stance on Merck & Co (NYSE:MRK) with unusual options activity. The price target range for the stock over the last 3 months is $90.0 to $120.0.
The unusual options activity indicates that a large investor is taking a bearish stance on Merck & Co, which could lead to a short-term negative impact on the stock price. The price target range of $90.0 to $120.0 suggests that the investor expects the stock to trade within this range, potentially causing downward pressure on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100