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Merck & Co., Inc. Loses Ground as Key Investor Cuts Stake

Guavy AI Editorial Team
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MRK
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Corda Investment Management LLC reduced its stake in Merck & Co., Inc. by 1.7% in the second quarter, according to a recent filing with the Securities & Exchange Commission.

The institutional investor owned 420,154 shares of the company's stock after selling 7,372 shares during the quarter. Merck & Co., Inc. comprises 3.3% of Corda Investment Management LLC.'s portfolio, making it its 9th largest holding.

The company's stock price opened at $150.67 on Tuesday and has a market capitalization of $371.73 billion. Fifteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company.

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