Merck & Co's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bullish stance on Merck & Co (NYSE:MRK), as evidenced by recent options trading activity. Benzinga's options scanner identified 10 trades, with 70% being bullish. The price targets range from $105 to $130. Merck's stock is currently trading at $125.96, with an upcoming earnings report in 4 days.
July 26, 2024 | 6:16 pm
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Investors with significant capital have taken a bullish stance on Merck & Co (NYSE:MRK), as evidenced by recent options trading activity. Benzinga's options scanner identified 10 trades, with 70% being bullish. The price targets range from $105 to $130. Merck's stock is currently trading at $125.96, with an upcoming earnings report in 4 days.
The significant bullish options activity suggests that investors with substantial capital expect Merck's stock to rise. The upcoming earnings report could be a catalyst for this expected movement. The current price and RSI values indicate the stock may be approaching overbought territory, but the overall sentiment remains positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100