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Merck MRK (news,
chart,
quote) - MRK volatility Up; shares sell off on disappointing cholesterol study results
MRK is recently down $7.21 to $37.33. A panel of cardiologists called on physicians to sharply curtail their use of cholesterol-lowering drugs marketed by MRK and SGP. Leerink Swann say's "We continue to recommend MRK for long-term investors." MRK call option volume of 45,342 contracts compares to put volume of 40,672 contracts. MRK April and May option implied volatility of 44 is above its 26-week average of 31 according to Track Data, suggesting l |
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