Looking At Merck & Co's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Merck & Co (NYSE:MRK), with a large bearish position appearing on publicly available options history. The overall sentiment of these big-money traders is split between 41% bullish and 58% bearish. The price range targeted by these traders over the last 3 months is from $92.5 to $125.0. Cantor Fitzgerald has downgraded its action to Overweight with a price target of $135, while Morgan Stanley and Truist Securities have maintained their ratings with price targets of $116 and $122 respectively.
August 23, 2023 | 3:32 pm
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Merck & Co has seen unusual options activity with a large bearish position. The sentiment of big-money traders is more bearish than bullish. Analysts have given mixed ratings and price targets.
The unusual options activity, particularly the large bearish position, indicates that some investors expect the stock price to decrease. This is further supported by the sentiment of big-money traders being more bearish than bullish. However, analysts have given mixed ratings and price targets, which adds some uncertainty to the outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100