Merck & Co Inc’s recent filing unveils that its 10% Owner Merck & Co., Inc. acquired Company’s shares for reported $492.14 million on Mar 11 ’24. In the deal valued at $23.00 per share,21,397,205 shares were bought. As a result of this transaction, Merck & Co., Inc. now holds 1,000 shares worth roughly $0.13 million.
Then, Davis Robert M sold 85,021 shares, generating $10,661,574 in total proceeds. Upon selling the shares at $125.40, the Chairman, CEO & President now owns 348,327 shares.
Before that, Litchfield Caroline sold 38,291 shares. Merck & Co Inc shares valued at $4,805,520 were divested by the EVP & CFO at a price of $125.50 per share. As a result of the transaction, Litchfield Caroline now holds 50,908 shares, worth roughly $6.52 million.
Societe Generale downgraded its Merck & Co Inc [MRK] rating to a Sell from a a Hold in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in early January from “a Market perform” to “an Outperform”. Deutsche Bank began covering MRK with “Buy” recommendation on November 09, 2023. BMO Capital Markets revised its rating on October 27, 2023. It rated MRK as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of MRK
On Friday, Merck & Co Inc [NYSE:MRK] saw its stock jump 0.26% to $127.99. Over the last five days, the stock has lost -3.00%. Merck & Co Inc shares have risen nearly 17.40% since the year began. Nevertheless, the stocks have risen 17.61% over the past one year. While a 52-week high of $133.10 was reached on 03/27/24, a 52-week low of $99.14 was recorded on 01/02/24. SMA at 50 days reached $125.59, while 200 days put it at $112.01. A total of 5.68 million shares were traded, compared to the trading of 6.75 million shares in the previous session.
Levels Of Support And Resistance For MRK Stock
The 24-hour chart illustrates a support level at 127.13, which if violated will result in even more drops to 126.26. On the upside, there is a resistance level at 128.73. A further resistance level may holdings at 129.46. The Relative Strength Index (RSI) on the 14-day chart is 56.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.63, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 40.17%. Stochastics %K at 65.84% indicates the stock is a holding.
How much short interest is there in Merck & Co Inc?
A steep rise in short interest was recorded in Merck & Co Inc stocks on Mar 15, 2024, growing by 6.34 million shares to a total of 23.16 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 16.82 million shares. There was a rise of 27.37%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.91% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.41.
