Merck & Co Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Merck & Co (NYSE:MRK), with a bearish stance being taken by a majority of investors. The price target for Merck & Co over the last 3 months has been between $90.0 to $125.0. The current price of MRK is up 0.08% at $106.17. Analysts from Morgan Stanley and Truist Securities have maintained their ratings on Merck & Co, with price targets of $116 and $122 respectively.
August 08, 2023 | 5:15 pm
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NEGATIVE IMPACT
Unusual options activity and analyst ratings suggest a bearish short-term outlook for Merck & Co.
The unusual options activity, with a majority of investors taking a bearish stance, combined with the analyst ratings, suggest a potential short-term decrease in the price of Merck & Co's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100