The Exe V-P & Pres, MRL of Merck & Company is Exercising Options

Today it was reported that the Exe V-P & Pres, MRL of Merck & Company (MRK), Roger Perlmutter, exercised options to sell 225,443 MRK shares at $44.98 a share, for a total transaction value of $16.97M.

This is Perlmutter’s first transaction since reporting a Sell transaction on AMGN back in November 2005 In addition to Roger Perlmutter, 3 other MRK executives reported Sell trades in the last month.

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Based on Merck & Company’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $10.86 billion and quarterly net profit of $1.95 billion. In comparison, last year the company earned revenue of $10.31 billion and had a GAAP net loss of $56 million. Currently, Merck & Company has an average volume of 12.77M. MRK’s market cap is $200.5B and the company has a P/E ratio of 60.55.

Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $81.38, reflecting a 7.8% upside.

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