Looking At Merck & Co's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Merck & Co (NYSE:MRK) as evidenced by unusual options activity. The options scanner at Benzinga spotted 14 uncommon trades, with a split sentiment of 64% bullish and 35% bearish. The whales have been targeting a price range from $95.0 to $120.0 for Merck & Co over the last 3 months. The current price of MRK is down -1.53% at $100.43. Analysts have mixed opinions, with Cantor Fitzgerald and Truist Securities downgrading their actions but maintaining high price targets.
October 19, 2023 | 8:46 pm
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POSITIVE IMPACT
Merck & Co has seen significant bullish options activity, indicating potential positive movement in the short term. However, the stock is currently down and analysts have mixed opinions.
The unusual options activity, particularly the bullish stance, indicates that there is significant interest in the stock and potential for positive movement. However, the current price is down and analysts have mixed opinions, which adds some uncertainty to the outlook.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100