Check Out What Whales Are Doing With MRK
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Merck & Co (NYSE:MRK), with 58% of investors opening trades with bullish expectations and 41% with bearish. The whale has been targeting a price range from $85.0 to $125.0 for Merck & Co over the last 3 months. The price of MRK is up 1.35% at $108.89. Truist Securities and Morgan Stanley have maintained their Buy and Equal-Weight ratings on Merck & Co, respectively, with price targets of $122 and $116.
August 14, 2023 | 6:01 pm
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Bullish stance by a whale investor on Merck & Co, with a targeted price range of $85-$125. The stock price is up 1.35% at $108.89. Truist Securities and Morgan Stanley maintain their ratings with price targets of $122 and $116.
The bullish stance by a whale investor, along with the maintained ratings and price targets by Truist Securities and Morgan Stanley, indicate a positive short-term impact on Merck & Co's stock. The current upward trend in the stock price also supports this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100