Summary by Futu AI
Merck & Co, Inc. (MRK) reported that its Chairman, CEO & President, Davis Robert M, completed a purchase of company stock on January 22, 2024. The transaction involved the acquisition of 76,510 shares of Merck's common stock at a price of $119.43 per share. Following this transaction, Davis now directly holds a total of 348,327 shares in the company. The total value of the shares acquired is approximately $9.14 million. This transaction reflects a direct investment by the executive in the company and is indicative of his confidence in Merck's future performance.