Merck & Co Unusual Options Activity For November 03
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Merck & Co (NYSE:MRK) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is 20% bullish and 80% bearish. The whales have been targeting a price range from $100.0 to $120.0 for Merck & Co over the last 3 months. The current price of MRK is up 0.63% at $103.5. Analysts have mixed opinions with price targets ranging from $115 to $135.
November 03, 2023 | 8:00 pm
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Merck & Co has seen unusual options activity with a significant bearish stance taken by a large investor. The sentiment among these traders is 80% bearish. Analysts have mixed opinions with price targets ranging from $115 to $135.
The unusual options activity indicates that a large investor is expecting the price of Merck & Co to decrease. This bearish sentiment, shared by 80% of big-money traders, could potentially lead to a short-term decrease in the stock price. However, analysts have mixed opinions, with price targets ranging from $115 to $135, which could create some uncertainty in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100