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Hardy Reed LLC Sells 8,831 Shares of Merck & Co., Inc. $MRK
Hardy Reed LLC significantly reduced its stake in Merck & Co., Inc. by selling 8,831 shares, leaving it with 6,507 shares valued at $546,000. This follows recent insider selling by EVP Jennifer Zachary and CEO Robert M. Davis, totaling 320,176 shares worth approximately $38.3 million by insiders in the last three months. Despite insider exits, Merck maintains an average “Moderate Buy” rating from analysts with a target price of $123.71, recently beat Q4 EPS estimates, and announced a $0.85 quarterly dividend.