Check Out What Whales Are Doing With MRK
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Merck & Co (NYSE:MRK) by a large investor or institution, as evidenced by unusual options activity. The overall sentiment of these big-money traders is 86% bearish. The whales have been targeting a price range from $87.5 to $115.0 for Merck & Co over the last 3 months. The price of MRK is currently down -0.45% at $107.34. Cantor Fitzgerald has downgraded its action to Overweight with a price target of $135.
September 19, 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 price target range of $87.5 to $115.0. The stock is currently down -0.45% at $107.34.
The bearish stance taken by a large investor or institution, as evidenced by unusual options activity, indicates a potential downward pressure on the stock price in the short term. The overall sentiment of these big-money traders is 86% bearish, which further supports this view. Additionally, the current price of MRK is down -0.45%, which may be a reflection of this bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100