Merck & Company (NYSE:MRK) has tumbled 1.62% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.42% in the last four weeks. The stocks have underperformed the S&P 500 by 0.44% during the past week but Merck & Company (NYSE:MRK) it has outperformed the index in 4 weeks by 0.49%.
Merck & Company (NYSE:MRK): The stock opened at $57.43 on Friday but the bulls could not build on the opening and the stock topped out at $57.43 for the day. The stock traded down to $55.70 during the day, due to lack of any buying support eventually closed down at $55.89 with a loss of -2.80% for the day. The stock had closed at $57.50 on the previous day. The total traded volume was 17,484,401 shares.
The company shares have dropped -5.00% from its 1 Year high price. On Aug 19, 2015, the shares registered one year high at $60.07 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $55.59 and the 200 Day Moving Average price is recorded at $53.32.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Golestani Clark, officer (EVP & Chief Info Officer) of Merck & Co., Inc., had unloaded 39,877 shares at an average price of $54.67 in a transaction dated on May 19, 2016. The total value of the transaction was worth $2,180,076.
Many analysts have stated their opinion on the company shares. Brokerage firm Jefferies maintains its rating on Merck & Company (NYSE:MRK). As per the latest information, the brokerage house lowers the price target to $53 per share from a prior target of $54. The shares have been rated Hold. The rating by the firm was issued on June 14, 2016. Currently the company Insiders own 0.05% of Merck & Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.72% . Institutional Investors own 74.23% of Merck & Company shares. During last six month period, the net percent change held by insiders has seen a change of -6.72%.
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.