Insider Selling: Adam H. Schechter Unloads 18,000 Shares of Merck & Co Stock (MRK)
Merck & Co (NYSE:MRK) EVP Adam H. Schechter sold 18,000 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $55.61, for a total transaction of $1,000,980.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
MRK has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Merck & Co in a research note on Thursday, February 6th. They now have a $56.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Merck & Co from $55.00 to $60.00 in a research note on Thursday, February 6th. Finally, analysts at Argus raised their price target on shares of Merck & Co from $54.00 to $62.00 in a research note on Wednesday, February 5th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. Merck & Co has an average rating of “Buy” and a consensus price target of $55.56.
Merck & Co (NYSE:MRK) traded down 0.21% during mid-day trading on Thursday, hitting $54.885. The stock had a trading volume of 4,390,136 shares. Merck & Co has a one year low of $40.83 and a one year high of $55.75. The stock’s 50-day moving average is $51.96 and its 200-day moving average is $48.81. The company has a market cap of $160.4 billion and a P/E ratio of 37.41.
Merck & Co (NYSE:MRK) last released its earnings data on Wednesday, February 5th. The company reported $0.88 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.88. The company had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $11.39 billion. During the same quarter last year, the company posted $0.83 earnings per share. Merck & Co’s revenue was down 3.6% compared to the same quarter last year. Analysts expect that Merck & Co will post $3.44 EPS for the current fiscal year.
Merck & Co, Inc (NYSE:MRK) is a global health care company that delivers health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products, which it markets directly and through its joint ventures.
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