Behind the Scenes of Merck & Co's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Merck & Co (NYSE:MRK) has seen significant options trading activity, with a bearish sentiment prevailing among big-money investors. Benzinga's options scanner revealed 14 unusual trades, with a split sentiment of 28% bullish and 71% bearish. The trades include 8 puts and 6 calls, indicating a price target range of $110.0 to $145.0. Recent analyst ratings have varied, with an average target price of $139.4. The stock is currently trading at $129.13, down by -0.25%, and may be considered overbought.
February 26, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Merck & Co has seen a bearish sentiment from big-money investors, with a significant amount of options trading. Analyst ratings offer a mixed view but lean towards a positive outlook with an average target price of $139.4.
The bearish sentiment from big-money investors, indicated by the options trading activity, suggests a potential short-term downside. However, the positive analyst ratings and target prices indicate underlying strength. The stock's current overbought condition and the mixed sentiment may lead to short-term volatility.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100