Movement Alert｜Merck Falls 3.13% in Regular Trading, Selling Pressure Prevails Despite Target Price Upgrades
Market Focus
Oct 05
On October 5, Merck fell 3.13% in regular trading at $139.75. The decline occurred despite JP Morgan, Jefferies, and Scotiabank raising their target prices to $165, $177, and $180 respectively on the same day, with selling pressure dominating market sentiment.
Market participants may be taking profits after a recent series of positive catalysts, including clinical trial results for diabetes and hidradenitis suppurativa treatments, new drug approvals, and collaborations.
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