Merck & Company Inc. (MRK) Looks to Continue to Trade Above its Annual-High Share Price Today

October 28, 2021 11:09:25

Merck & Company Inc. (NYSE:MRK) traded at a new 12-month high today of $85.96. This new high was reached on below average trading volume as 10.5 million shares traded hands, while the average 30-day volume is approximately 18.3 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.

Merck & Company Inc. share prices have moved between a 12-month high of $85.96 and a low of $70.89 and are now trading 21% above that low price at $85.66 per share.

Merck & Company Inc. has overhead space with shares priced $85.66, or 16.9% below the average consensus analyst price target of $103.04.

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