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Merck & Co., Inc. $MRK Shares Sold by Synergy Asset Management LLC
Synergy Asset Management LLC significantly reduced its stake in Merck & Co., Inc. by 95% in the fourth quarter, selling over 81,000 shares. This move aligns with substantial insider selling from executives like Jennifer Zachary and Johannes Oosthuizen, who collectively offloaded shares worth millions. Despite this selling activity, Merck’s recent agreement to acquire Terns Pharmaceuticals for $6.7 billion to bolster its oncology pipeline has led to analyst price target increases and positive sentiment.