Shares of Merck & Company Inc. (NYSE:MRK) traded at a new 52-week high today of $87.72. Approximately 4.3 million shares have changed hands today, as compared to an average 30-day volume of 18.7 million shares.
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 hepatitis B and pediatric diseases as well as HPV and shingles. Additionally, Merck sells animal health-related drugs. From a geographical perspective, close to half of the firm’s sales are generated in the United States.
In the past 52 weeks, shares of Merck & Company Inc. have traded between a low of $70.89 and a high of $87.72 and is now at $87.00, which is 23% above that low price.
There is potential upside of 25.8% for shares of Merck & Company Inc. based on a current price of $87.00 and an average consensus analyst price target of $109.42.
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