Merck & Co Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Merck & Co (NYSE:MRK) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 53% bullish and 46% bearish. Whales have been targeting a price range from $85.0 to $115.0 for Merck & Co over the last 3 months. Morgan Stanley and HSBC have downgraded their actions to Equal-Weight and Hold respectively, with price targets of $109 and $123.
July 17, 2023 | 6:16 pm
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Merck & Co has seen unusual options activity with a significant bullish stance. The company's stock has been targeted by whales for a price range of $85.0 to $115.0 over the last 3 months.
The unusual options activity indicates that big-money traders are taking a bullish stance on Merck & Co. This could potentially drive the stock price up in the short term. However, the sentiment is split with a significant bearish stance as well, which adds uncertainty to the prediction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100