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 or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 31% bullish and 68% bearish. The whales have been targeting a price range from $100.0 to $115.0 for Merck & Co over the last 3 months. Truist Securities and Morgan Stanley have maintained their Buy and Equal-Weight ratings on Merck & Co, respectively, with a price target of $116.
August 18, 2023 | 7:46 pm
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A large investor has taken a bearish stance on Merck & Co, with unusual options activity indicating a potential price movement. The sentiment among these traders is more bearish than bullish.
The unusual options activity, particularly the bearish sentiment among large investors, indicates a potential downward price movement for Merck & Co. This is further supported by the targeted price range of $100.0 to $115.0, which is below the current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100