M&T Bank Corp Sells 1,452,939 Shares of Merck & Co., Inc. $MRK

M&T Bank Corp significantly reduced its stake in Merck & Co., Inc. by 96.9% in Q4, selling over 1.4 million shares. This comes amidst Merck’s strategic advancements with AI partnerships and FDA approvals for key drugs, contrasted by a decline in Gardasil sales and negative analyst sentiment regarding Q1 earnings. Insiders have also been selling shares, even as analysts maintain a “Moderate Buy” rating for MRK.

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