Merck & Co Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Merck & Co (NYSE:MRK) through unusual options activity. Analysis revealed 75% of trades were bearish, with significant trading volumes and open interest in the $90.0 to $130.0 price band. The stock is currently down by -0.68% at $125.0, with an average analyst target price of $155.0.
July 05, 2024 | 5:19 pm
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Merck & Co (NYSE:MRK) has seen unusual bearish options activity, with 75% of trades showing bearish sentiment. The stock is currently down by -0.68% at $125.0. Analysts have set an average target price of $155.0.
The significant bearish sentiment in options trading, combined with the current price drop, suggests a negative short-term outlook for MRK. Despite a high analyst target price, the immediate market sentiment is bearish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100