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Stock Alert: Merck Down More Than 1%

Merck & Co., Inc. (MRK) shares are sliding below its 200-day moving average on Thursday morning.

On Tuesday, Merck had reported a 10 percent increase in its first-quarter earnings, but reduced its outlook for 2020, expecting an impact from COVID-19 pandemic.

MRK gapped down at open and was trying to establish a new support. Currently, shares are at $79.78, down 1.23 percent from the previous close of $80.77.

For the 52-week period, the shares have traded in a range of $65.25-92.64 on average volume of 14,393,598.

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