This Is What Whales Are Betting On Merck & Co
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Merck & Co (NYSE:MRK) by a large investor, as observed in the options history. The overall sentiment among big-money traders is split between 45% bullish and 54% bearish. The targeted price range for Merck & Co over the last 3 months has been $95.0 to $110.0. The current price of MRK is down -0.7% at $104.99. Analysts from Truist Securities and Morgan Stanley have maintained their Buy and Equal-Weight ratings respectively, while HSBC has downgraded its action to Hold.
August 04, 2023 | 6:31 pm
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A large investor has taken a bearish stance on Merck & Co, with the overall sentiment among big-money traders being more bearish than bullish. The current price of MRK is down -0.7% at $104.99.
The bearish stance taken by a large investor, along with the overall bearish sentiment among big-money traders, could potentially drive the price of MRK down in the short term. The current price is already down -0.7%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100