Merck & Co Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been detected for Merck & Co (NYSE:MRK), with a significant bearish sentiment among large investors. Benzinga's options scanner identified 8 uncommon trades, split evenly between puts and calls, with a total bearish sentiment. The price range targeted by these trades is between $85.0 and $130.0. Merck's current stock price is $115.23, with a slight decrease of 0.01%. An analyst from Cantor Fitzgerald has lowered the rating to Overweight with a price target of $155.
September 13, 2024 | 7:35 pm
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Merck & Co has seen unusual options activity with a strong bearish sentiment from large investors. The options trades are targeting a price range of $85.0 to $130.0, indicating potential volatility. An analyst has lowered the rating to Overweight with a target price of $155.
The detection of unusual options activity with a 100% bearish sentiment suggests that large investors anticipate a potential decline in Merck's stock price. The targeted price range of $85.0 to $130.0 indicates expected volatility. Additionally, the analyst's lowered rating to Overweight with a target price of $155 adds to the bearish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100