29-Nov-2024
Catalyst Watch: November jobs, OPEC+ meeting, Marvell, Salesforce earnings
Seeking Alpha News (Fri, 29-Nov 12:00 PM ET)
AstraZeneca (AZN) Sees Its Cancer Drug Added to China’s Reimbursement List
TipRanks (Thu, 28-Nov 12:34 PM ET)
AstraZeneca cancer drug Enhertu added for reimbursement in China despite probe
Seeking Alpha News (Thu, 28-Nov 10:33 AM ET)
Trump taps Jay Bhattacharya to lead National Institutes of Health
Seeking Alpha News (Wed, 27-Nov 6:23 AM ET)
Jefferies Reaffirms Their Buy Rating on Merck & Company (MRK)
TipRanks (Tue, 26-Nov 8:16 AM ET)
Merck to Participate in the Citi 2024 Global Healthcare Conference
Business Wire (Tue, 26-Nov 6:45 AM ET)
TipRanks (Tue, 26-Nov 6:05 AM ET)
Why Is Merck Stock Trading Higher On Monday?
Benzinga (Mon, 25-Nov 12:02 PM ET)
Merck Phase 3 study of Winrevair in PAH meets primary endpoint
Seeking Alpha News (Mon, 25-Nov 10:27 AM ET)
Business Wire (Mon, 25-Nov 6:45 AM ET)
Merck makes pharmaceutical products to treat several conditions in a number of therapeutic areas, including cardiometabolic disease, cancer, and infections. Within cancer, the firm's immuno-oncology platform is growing as a major contributor to overall sales. The company also has a substantial vaccine business, with treatments to prevent pediatric diseases as well as human papillomavirus, or HPV. Additionally, Merck sells animal health-related drugs. From a geographical perspective, just under half of the company's sales are generated in the United States.
Merck Common (New) trades on the NYSE stock market under the symbol MRK.
As of November 29, 2024, MRK stock price declined to $101.64 with 5,225,754 million shares trading.
MRK has a beta of 0.64, meaning it tends to be less sensitive to market movements. MRK has a correlation of 0.13 to the broad based SPY ETF.
MRK has a market cap of $257.11 billion. This is considered a Mega Cap stock.
Last quarter Merck Common (New) reported $17 billion in Revenue and $1.57 earnings per share. This beat revenue expectation by $187 million and exceeded earnings estimates by $.06.
In the last 3 years, MRK traded as high as $134.63 and as low as $71.50.
The top ETF exchange traded funds that MRK belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.
MRK has underperformed the market in the last year with a return of +3.2%, while the SPY ETF gained +34.1%. In the last 3 month period, MRK fell short of the market, returning -12.1%, while SPY returned +7.6%. However, in the most recent 2 weeks MRK has outperformed the stock market by returning +3.2%, while SPY returned +0.9%.
MRK support price is $101.61 and resistance is $104.63 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MRK shares will trade within this expected range on the day.