Market Whales and Their Recent Bets on MRK Options
Portfolio Pulse from Benzinga Insights
Recent options trading activity indicates a bearish sentiment among large investors towards Merck & Co (NYSE:MRK). Benzinga's options scanner identified 15 trades, with 86% being bearish. The trades suggest a targeted price range of $100 to $130 for MRK. Despite this, the stock is currently up by 3.62% at $128.28. Expert opinions have set an average target price of $155.
July 01, 2024 | 3:47 pm
News sentiment analysis
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Large investors have taken a predominantly bearish stance on Merck & Co (NYSE:MRK) based on recent options trading activity. This could indicate potential downward pressure on the stock in the short term.
The significant bearish sentiment from large investors, as indicated by the options trading activity, suggests that these investors expect the stock to decline. This is further supported by the high volume and open interest in bearish trades.
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IMPORTANCE 80
RELEVANCE 100