Merck & Co., Inc. (NYSE:MRK) Shares Down 1.9% - Here's What Happened

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Merck & Co., Inc. (MRK) shares dropped 1.9% on Monday, trading at $121.42 with lower-than-average volume. Despite the dip, analysts maintain a “Moderate Buy” rating with an average target price of $125.88, and the company recently beat quarterly earnings estimates, reporting $2.04 EPS and $16.40 billion in revenue for the quarter. However, significant insider selling has been noted, with insiders selling 320,176 shares worth approximately $38.3 million in the last quarter.

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