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Merck MRK (news,
chart,
quote) - MRK volatility Up as shares sell off on ACHIEVE placed on Hold
MRK is recently trading at $39.85 in pre-open trading, below its close of $44.51. MRK announced based o the recommendation of the Steering Committee for ACHIEVE (An Assessment of Coronary Health Using Intima-Media Thickness Endpoint for Vascular Effects), further patient enrollment in the study has been put on hold. MRK April and May option implied volatility of 38 is above its 26-week average of 31 according to Track Data, suggesting larger price movement. |
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