State of Michigan Retirement System Sells 13,300 Shares of Merck & Co., Inc. $MRK

The State of Michigan Retirement System reduced its stake in Merck & Co., Inc. (NYSE:MRK) by 1.8% in the fourth quarter, selling 13,300 shares and retaining 724,490 shares worth approximately $76.26 million. Despite positive news such as a partnership with Google Cloud/AI and FDA Priority Review for KEYTRUDA, the company faces headwinds from weakening Gardasil sales in China and Japan, potential Q1 earnings decline, and significant insider selling. Institutional investors own 76.07% of the stock, while insiders have sold 320,176 shares totaling over $38 million in the last 90 days.

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