Merck & Co., Inc. (MRK): Clark Golestani , EVP & Chief Info Officer of Merck & Co., Inc. sold 39,877 shares on May 19, 2016. The Insider selling transaction was reported by the company on May 20, 2016 to the Securities and Exchange Commission. The shares were sold at $54.67 per share for a total value of $2,184,952.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 12, 2016, Michael J Holston (EVP, General Counsel) sold 100,021 shares at $54.50 per share price.On Apr 14, 2016, Kenneth C Frazier (Chairman, President & CEO) sold 131,040 shares at $56.11 per share price.Also, On Nov 4, 2015, Wendell P Weeks (director) sold 5,000 shares at $55.53 per share price.On Oct 29, 2015, Adele D Ambrose (Sr.V-P & Chief Comuns Officer) sold 37,313 shares at $55.08 per share price.
Shares of Merck & Co. (MRK) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.09 points or -0.16% at $54.58 with 87,33,895 shares getting traded. Post opening the session at $54.16, the shares hit an intraday low of $54.08 and an intraday high of $54.98 and the price vacillated in this range throughout the day. The company has a market cap of $151,079 M and the number of outstanding shares has been calculated to be 2,76,80,25,300 shares. The 52-week high of Merck & Co. is $61.7 and the 52-week low is $45.69.
Company has been under the radar of several Street Analysts.Merck & Co. is Initiated by Societe Generale to Buy and the brokerage firm has set the Price Target at $80. The Rating was issued on Apr 6, 2016.
Merck & Co. Inc. is a global health care company. The Company offers health solutions through its prescription medicines vaccines biologic therapies and animal health products which it markets directly and through its joint ventures. The Companys Pharmaceutical segment includes human health pharmaceutical and vaccine products marketed either directly by the Company or through joint ventures. Human health pharmaceutical products consist of therapeutic and preventive agents generally sold by prescription for the treatment of human disorders. The Company sells these human health pharmaceutical products primarily to drug wholesalers and retailers hospitals government agencies and managed health care providers. The Animal Health segment discovers develops manufactures and markets animal health products including vaccines. The Companys animal health products are sold to veterinarians distributors and animal producers.