Merck & Co Inc’s filing revealed 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 $0.1 million.
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Then, Litchfield Caroline sold 38,291 shares, generating $4,805,520 in total proceeds. Upon selling the shares at $125.50, the EVP & CFO now owns 50,908 shares.
Before that, Davis Robert M sold 150,000 shares. Merck & Co Inc shares valued at $18,877,424 were divested by the Chairman, CEO & President at a price of $125.85 per share. As a result of the transaction, Davis Robert M now holds 348,327 shares, worth roughly $36.13 million.
Bernstein initiated its Merck & Co Inc [MRK] rating to a Mkt perform in a research note published on October 17, 2024; the price target was $115. A number of analysts have revised their coverage, including Societe Generale’s analysts, who decreased its forecast for the stock in mid March from “a Hold” to “a Sell”. TD Cowen also remained covering MRK and has increased its forecast on January 04, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. Deutsche Bank started covering the stock on November 09, 2023. It rated MRK as “a Buy”.
Price Performance Review of MRK
On Tuesday, Merck & Co Inc [NYSE:MRK] saw its stock fall -0.48% to $103.73. Over the last five days, the stock has lost -2.73%. Merck & Co Inc shares have fallen nearly -4.85% since the year began. Nevertheless, the stocks have risen 0.89% over the past one year. While a 52-week high of $134.63 was reached on 06/25/24, a 52-week low of $99.80 was recorded on 10/29/24. SMA at 50 days reached $113.03, while 200 days put it at $122.32.
Levels Of Support And Resistance For MRK Stock
The 24-hour chart illustrates a support level at 103.25, which if violated will result in even more drops to 102.77. On the upside, there is a resistance level at 104.66. A further resistance level may holdings at 105.59. The Relative Strength Index (RSI) on the 14-day chart is 26.35, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.62%. Stochastics %K at 2.24% indicates the stock is a buying.
How much short interest is there in Merck & Co Inc?
A steep rise in short interest was recorded in Merck & Co Inc stocks on 2024-10-15, growing by 1.23 million shares to a total of 26.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 24.81 million shares. There was a rise of 4.71%, which implies that there is a positive sentiment for the stock.
