Merck & Co Inc’s recently made public 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 $35.53 million.
A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in early December from “a Hold” to “a Buy”. Wolfe Research began covering MRK with “Peer perform” recommendation on November 15, 2024. Daiwa Securities revised its rating on November 11, 2024. It rated MRK as “a Neutral” which previously was an “a Buy”.
Price Performance Review of MRK
On Friday, Merck & Co Inc [NYSE:MRK] saw its stock jump 0.74% to $102.00. Over the last five days, the stock has lost -1.06%. Merck & Co Inc shares have fallen nearly -6.44% since the year began. Nevertheless, the stocks have fallen -4.77% over the past one year. While a 52-week high of $134.63 was reached on 06/25/24, a 52-week low of $94.48 was recorded on 11/15/24. SMA at 50 days reached $103.38, while 200 days put it at $118.54.
Levels Of Support And Resistance For MRK Stock
The 24-hour chart illustrates a support level at 100.83, which if violated will result in even more drops to 99.66. On the upside, there is a resistance level at 102.87. A further resistance level may holdings at 103.74. The Relative Strength Index (RSI) on the 14-day chart is 50.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.82%. Stochastics %K at 39.82% 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 2024-11-29, growing by 6.56 million shares to a total of 32.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 26.23 million shares. There was a rise of 20.01%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 17, 2024 when Bernstein began covering the stock and recommended ‘”a Mkt perform”‘ rating along with a $115 price target.
