Merck & Co., Inc. $MRK Shares Sold by Advisors Management Group Inc. ADV

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Advisors Management Group Inc. ADV reduced its stake in Merck & Co., Inc. by 15.2% during the fourth quarter, selling 10,482 shares and now holding 58,625 shares valued at $6.17 million. This comes as Merck made a strategic acquisition of Terns Pharmaceuticals for $6.7 billion to bolster its pipeline ahead of Keytruda’s patent expiration, a move that has garnered analyst support despite potential challenges like rival bids and a shareholder investigation. Merck also reported strong quarterly earnings, slightly beating estimates, and announced a $0.85 quarterly dividend, while insider selling of 320,176 shares was noted over the past 90 days.

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