Behind the Scenes of Merck & Co's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Recent options trading activity for Merck & Co (NYSE:MRK) shows a bearish sentiment among big-money investors, with 50% of trades being bearish. The options trades suggest a price range of $100 to $117 for MRK. The stock is currently trading at $118.45, up by 0.84%, and may be approaching overbought territory. An analyst from Cantor Fitzgerald has lowered its rating to Overweight with a price target of $155.
August 30, 2024 | 8:33 pm
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Merck & Co's recent options trading shows a bearish sentiment with 50% of trades being bearish. The stock is currently trading at $118.45, up by 0.84%, and may be approaching overbought territory. An analyst from Cantor Fitzgerald has lowered its rating to Overweight with a price target of $155.
The options trading activity indicates a bearish sentiment among large investors, which could lead to a short-term price decline. The stock's current price increase and overbought RSI suggest potential for a pullback. The analyst's lowered rating further supports a negative short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100