Behind the Scenes of Merck & Co's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish trend towards Merck & Co (NYSE:MRK) through significant options activity. Benzinga's options scanner highlighted 10 notable options activities, with 50% of the sentiment being bearish. Analysts have mixed ratings, with price targets ranging from $125 to $145.
August 05, 2024 | 4:31 pm
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Deep-pocketed investors have shown a bearish trend towards Merck & Co (NYSE:MRK) through significant options activity. Benzinga's options scanner highlighted 10 notable options activities, with 50% of the sentiment being bearish. Analysts have mixed ratings, with price targets ranging from $125 to $145.
The significant bearish sentiment from deep-pocketed investors, as evidenced by the options activity, suggests a potential short-term decline in MRK's stock price. The mixed analyst ratings and price targets indicate uncertainty, but the overall bearish options activity is a strong indicator of potential downward pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100