Check Out What Whales Are Doing With MRK
Portfolio Pulse from Benzinga Insights
A large bearish position has been taken on Merck & Co (NYSE:MRK), with 12 uncommon options trades spotted. The sentiment of these big-money traders is split between 41% bullish and 58% bearish. Whales have been targeting a price range from $45.0 to $130.0 for Merck & Co over the last 3 months. Truist Securities maintains a Buy rating on Merck & Co with a price target of $116, while HSBC and Morgan Stanley have downgraded their actions with price targets of $123 and $109 respectively.
July 20, 2023 | 7:46 pm
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A large bearish position has been taken on Merck & Co, indicating potential downward pressure on the stock. Analysts' ratings and price targets vary, adding to the uncertainty.
The large bearish position taken on Merck & Co indicates that big-money traders expect the stock to go down. This could put downward pressure on the stock in the short term. However, analysts' ratings and price targets vary, which adds to the uncertainty and could potentially counteract some of the bearish sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100