Behind the Scenes of Merck & Co's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bullish trend towards Merck & Co (NYSE:MRK) through significant options activities. Benzinga's options scanner detected 8 extraordinary options trades, with 75% of the sentiment being bullish. The targeted price range for MRK is between $100 and $145. The stock is currently trading at $118.3, with a slight increase of 0.01%. Analysts have set an average target price of $155.
September 18, 2024 | 5:32 pm
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Merck & Co is experiencing a bullish trend in options trading, with significant activity detected by Benzinga's scanner. The stock is currently trading at $118.3, with analysts setting a target price of $155. This suggests potential upward movement in the short term.
The detection of significant bullish options activity suggests that investors expect the stock price to rise. The current trading price is $118.3, and analysts have set a target price of $155, indicating potential for upward movement. The options activity, with 75% bullish sentiment, supports this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100