In a filing, Merck & Co Inc revealed 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.
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 $35.19 million.
BMO Capital Markets downgraded its Merck & Co Inc [MRK] rating to a Market perform from a an Outperform in a research note published on December 20, 2024; the price target was decreased to $105 from $136. HSBC Securities also remained covering MRK and has increased its forecast on December 04, 2024 with a “Buy” recommendation from previously “Hold” rating. Wolfe Research started covering the stock on November 15, 2024. It rated MRK as “a Peer perform”.
Price Performance Review of MRK
On Tuesday, Merck & Co Inc [NYSE:MRK] saw its stock jump 1.30% to $101.02. Over the last five days, the stock has gained 2.69%. Merck & Co Inc shares have risen nearly 1.55% since the year began. Nevertheless, the stocks have fallen -13.82% over the past one year. While a 52-week high of $134.63 was reached on 01/07/25, a 52-week low of $94.48 was recorded on 01/06/25. SMA at 50 days reached $100.57, while 200 days put it at $116.77.
Levels Of Support And Resistance For MRK Stock
The 24-hour chart illustrates a support level at 99.72, which if violated will result in even more drops to 98.43. On the upside, there is a resistance level at 102.64. A further resistance level may holdings at 104.27. The Relative Strength Index (RSI) on the 14-day chart is 53.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.86%. Stochastics %K at 44.18% 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 2024-12-13, growing by 5.7 million shares to a total of 32.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 26.32 million shares. There was a rise of 17.81%, which implies that there is a positive sentiment for the stock.
