Check Out What Whales Are Doing With MRK
Portfolio Pulse from Benzinga Insights
Wealthy investors have taken a bullish stance on Merck & Co (NYSE:MRK), with Benzinga's options scanner detecting 11 uncommon options trades. The sentiment is split between 54% bullish and 45% bearish, focusing on a price band between $120.0 and $131.0. Analysts have set an average price target of $139.0.
May 16, 2024 | 6:36 pm
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Wealthy investors have shown a bullish stance on Merck & Co (NYSE:MRK) with 11 uncommon options trades detected. The sentiment is 54% bullish and 45% bearish, focusing on a price band between $120.0 and $131.0. Analysts have set an average price target of $139.0.
The detection of 11 uncommon options trades with a majority being bullish indicates strong interest from wealthy investors. This, combined with analysts' positive price targets, suggests a likely short-term price increase for MRK.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100