Smart Money Is Betting Big In MRK Options
Portfolio Pulse from Benzinga Insights
Financial giants have made significant bearish moves on Merck & Co (NYSE:MRK) through options trading. Analysis reveals 55% bearish sentiment with a focus on a price range of $120.0 to $130.0. The stock is currently trading at $126.42 with an upcoming earnings announcement in 5 days.
July 25, 2024 | 7:46 pm
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NEGATIVE IMPACT
Merck & Co (NYSE:MRK) has seen significant bearish options trading activity, with 55% of trades showing bearish sentiment. The stock is currently trading at $126.42, with an earnings announcement expected in 5 days.
The majority of options trades (55%) are bearish, indicating a negative short-term outlook. The stock's current price and the upcoming earnings announcement add to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100