Looking At Merck & Co's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Merck & Co (NYSE:MRK) has seen unusual options activity indicating a bullish stance by large investors, with a mix of 55% bullish and 44% bearish sentiment among the trades. The options target a price range of $105.0 to $125.0. Recent analyst ratings have varied, with an average target price of $124.67, but with differing opinions from Cantor Fitzgerald and Societe Generale. The company's stock is currently down by -0.97%, trading at $121.01, with an earnings announcement expected in 36 days.
March 20, 2024 | 6:31 pm
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Merck & Co has seen significant options activity and mixed analyst ratings, with a current trading price of $121.01 and an earnings announcement expected soon.
The unusual options activity, combined with mixed analyst ratings and an upcoming earnings announcement, creates uncertainty. The bullish and bearish sentiments among large investors indicate a divided outlook, making the short-term impact on MRK's stock price unclear.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100