The Thesis Is Still Intact: Merck & Co., Inc. (MRK), NIKE, Inc. (NKE)

FRAZIER KENNETH C, Chairman, President & CEO, sold 231,566 shares of the Merck & Co., Inc. (NYSE:MRK) in an exchange that happened on February 5th. The stock was sold at an average price of $78.08 per share, amounting to a transaction worth $18,079,654. The sale was made public in a document filed with the SEC. Additionally, Exe V-P & Pres, MRL PERLMUTTER ROGER M sold 225,443 shares of this stock in a transaction that took place on November 8th. The stock was sold at an average price of $75.27 per share, for a total exchange amounting to $16,967,967. After the transaction, the Exe V-P & Pres, MRL PERLMUTTER ROGER M currently holds 141,555 shares of the company’s stock, which is worth approximately $10973344.

With this stock price’s latest movement, it is now -3.33% away from its 1-year high and 46.73% higher than its 1-year low price. In the past seven days, the stock price volatility for Merck & Co., Inc. was 1.47%, whereas its volatility in the past 30 days has been 1.83%. This public company’s stock also has a beta score of 0.68. When the beta value is less/more than 1, it can imply that the stock is less/more volatile than the wider stock market – a metric that traders will surely be keeping tabs on.

Merck & Co., Inc. (NYSE:MRK) most recently published its quarterly earnings results. The firm posted $1.04 earnings per share (EPS) for the three-month period, surpassing analysts’ consensus estimate of $1.03 by $0.01. The publicly-traded organization reported revenue of $10,998.00 million for the quarter, compared to the average analyst forecast calling for $10,990.10 million, which was surpassing the analyst consensus estimate.

Shares of Merck & Co., Inc. (MRK) surged 0.91%, amounting to a gain of $0.7 per share, to finish the regular trading session at $77.52 on Saturday 02/09/2019. After beginning the session at $76.75, shares of Merck & Co., Inc. reached as high as $77.54 during the day, while hitting a 1-day low of $76.57. Trade volume reached 8,832,460 shares against this stock’s average daily volume of 13.72M shares, with a total float of 2.60B. As a consequence of the price increase, Merck & Co., Inc. now has a current market value of 202.19B.

NIKE, Inc. (NYSE:NKE) subtracted -0.04% to its trading price by the close of the most recent session, dropping from its previous closing price of $82.39 to $82.36. This stock increased in value by 1.04% during the last 7-day period, and experienced a gain of 7.53% over the past 30-day period. In the past three months, this stock’s price grew by 7.56% , and added 2.31% to its price during the last six months of trading. NKE demonstrated a yearly price gain of 25.49% , while its year-to-date (YTD) price performance has been up 11.09% . This stock’s price changed by +23.79% compared to its 90-day low, and moved down -1.00% comparing to its 90-day high price.

Have a quick look on short, medium and long-term indicators. According to the Composite Indicator, Trendspotter rated the NKE stock as “Buy”. In the short-term, NIKE, Inc. (NKE) has a 20-day average volume of 6,105,105 shares and short-term indicators sets the NKE stock as “ 80% Buy ” on average basis. In the medium-term, NKE stock has a 50-Day average volume of 7,727,526 shares and medium-term indicators gave the average rating of “ 100% Buy ”, while in the long-term period the FB stock has a 100-Day average volume of 7,836,768 shares. On average, long-term indicators rated the stock as “33% Buy ”. The overall picture from all short, medium and long-term indicators sets the NKE stock as “80% Buy ” on average basis.

Recently, multiple brokerages have sent out reports on NKE. Oppenheimer, for example, Reiterated its rating on shares of NIKE, Inc. to a “Outperform”, while setting a $100 price target on shares of the company’s stock, according to a research note from Friday February 8th, 2019. Needham Upgrade their target price for this stock to $85, while giving the stock a “ Buy” from “Hold ” rating, as stated in a research report from Thursday, January 10th, 2019. HSBC Securities, on the other hand, Upgrade a from “Hold ” to “ Buy” rating on this stock in a research note dated Wednesday, January 9th, 2019.

In other news related to NIKE, Inc. stock, 84.48% shares of NKE held by institutions. The total number of institutions who held the NKE shares was 2,008, according to most recent SEC filling. During the past quarter, total 1,063,418,479 shares held by institutions with the net change of 9,762,269 shares. In the meantime, 66 new institutions bought the shares of NIKE, Inc. for the first time and 74 institutions sold all their holdings in the company’s common stock. 439 institutions increased their investment in the NKE stock and 463 institutions decreased their investment in the NIKE, Inc. (NKE)’s stock during the last quarter.