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Why Is Merck (MRK) Up 3.8% Since Last Earnings Report?
ZACKS· 2024-08-29 16:37
A month has gone by since the last earnings report for Merck (MRK) . Shares have added about 3.8% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Merck due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Q2 Earnings & Sales Beat Estimates, Guidance CutMerck’s second-qua ...
MRK Begins 2nd Phase III Study on Rare Blood Disorder Candidate
ZACKS· 2024-08-28 17:50
Merck (MRK) announced that it has initiated a phase III called Shorespan-007 study on its lysine-specific demethylase 1 (LSD1) inhibitor, bomedemstat, for the treatment of patients with essential thrombocythemia (ET) who have previously not received cytoreductive therapy.The pivotal phase III study is evaluating bomedemstat versus hydroxyurea, the current standard of care chemotherapy, for treating patients with ET, a chronic, rare blood disorder that is the most common type of myeloproliferative neoplasm ( ...
Merck Stock Worth Watching on PAH Drug Winrevair's Approval in Europe?
ZACKS· 2024-08-27 15:01
Merck (MRK) announced that the European Commission has granted approval to its novel activin signaling inhibitor, Winrevair (sotatercept), for treating adult patients with pulmonary arterial hypertension (PAH). Winrevair can now be prescribed to treat PAH in adult patients with World Health Organization (WHO) Functional Class (FC) II to III in the EU in combination with other PAH therapies. Winrevair becomes the first novel activin signaling inhibitor therapy approved in Europe to treat PAH.The approval was ...
Merck (MRK) Falls 10% in 3 Months: Should You Buy the Dip?
ZACKS· 2024-08-23 15:25
Merck’s (MRK) stock has declined 10% in the past three months against an increase of 9% for the industry. The stock has also underperformed the sector and S&P 500 index, as seen in the chart below.Merck Stock Underperforms Industry, Sector & S&P 500Image Source: Zacks Investment ResearchMerck’s stock started declining after the company announced second-quarter results on Jul 25. Though the company beat earnings and sales estimates and also slightly raised the full-year guidance for revenues, the stock took ...
Here is What to Know Beyond Why Merck & Co., Inc. (MRK) is a Trending Stock
ZACKS· 2024-08-23 14:05
Merck (MRK) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this pharmaceutical company have returned -7.4%, compared to the Zacks S&P 500 composite's +0.3% change. During this period, the Zacks Large Cap Pharmaceuticals industry, which Merck falls in, has gained 5.7%. The key question now is: What could be the stock's future direction?Although med ...
Merck (MRK) Could Be a Great Choice
ZACKS· 2024-08-21 16:45
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a ...
Merck's Stock Dip Offers a Buying Opportunity: Here's Why
MarketBeat· 2024-08-20 12:32
Merck & Co., Inc. TodayMRKMerck & Co., Inc.$114.48 +0.81 (+0.71%) 52-Week Range$99.14▼$134.63Dividend Yield2.69%P/E Ratio127.20Price Target$134.58Add to WatchlistGlobal big pharmaceutical company Merck & Co. Inc. NYSE: MRK shares sank 9% following its Q2 2024 earnings release. Merck beat top and bottom line estimates, but the lowered full-year EPS 2024 guidance sank the stock. Its cancer drugs had a stellar performance, but weakness in its Chinese business caused it to cut guidance. Investors can consider t ...
Buying Wonderful Businesses At Fair Prices - The Billionaire Way
Seeking Alpha· 2024-08-19 11:30
Diy13/iStock via Getty Images Introduction I'm not breaking any news when I say that Warren Buffett is one of the best investors in history. Class A shares of his holding company, Berkshire Hathaway (BRK.A), just made a new high close to $670,000, returning roughly 230 thousand percent since going public. Data by YCharts In addition to becoming increasingly influential, using methods taught by Dale Carnegie in his book "How to Win Friends and Influence People," the Oracle from Omaha has perfected the art of ...
Merck: Buy This Bargain Before It's Gone
Seeking Alpha· 2024-08-12 21:54
Deagreez/iStock via Getty Images On July 30, Merck (NYSE:MRK) released its financial results for the second quarter of 2024, which beat my and Wall Street analysts' expectations, thanks in part to strong sales of its cardiovascular franchise, as well as its blockbuster PD-1 inhibitor Keytruda, which has already been approved for 40 indications in the U.S. In this article, I will discuss in detail several topics that are stirring the minds of financial market participants, ranging from the reasons behind ...
Merck (MRK) to Buy Curon's Bispecific Antibody Drug for $1.3B
ZACKS· 2024-08-12 16:20
Merck (MRK) announced that it has entered into a definitive agreement with Cayman Islands-based privately-held biotech company Curon Biopharmaceutical to acquire the latter’s next-generation CD3xCD19 bispecific antibody candidate, CN201.Per the terms of the agreement, Merck, through a subsidiary, will acquire worldwide rights to CN201. In return, Curon will get an upfront cash payment of $700 million. In addition, Merck will also be entitled to pay up to $600 million in milestone payments to Curon.Currently ...