#Merck November 19
We may earn money or products from the companies mentioned in this post.
Throughout November 2024, several of us are taking part in the 30-Day Dow Jones Coach4aday Challenge. Each day, we explore the history or learn about a company within the DJIA—a key economic and stock market indicator. Today’s post is on MERCK.
First thing to know about Merck is that it is actually two pharma companies. There is Merck KGaA and Merck &Co. For today’s post we will be focusing on the latter which is headquartered in Rahway NJ.
The origins of Merck trace back to 1668, when Friedrich Jacob Merck acquired the Engel-Apotheke (“Angel Pharmacy”) in Darmstadt, Germany. Over the centuries, the company evolved under his descendants, particularly Emanuel Merck, who expanded it into a chemical and pharmaceutical business in the 19th century. Merck & Co., the U.S. branch, was founded in 1891 but became independent after World War I due to the confiscation of German assets in the United States, leading to two separate entities: Merck in Germany and Merck & Co. in the U.S.
Dow Jones 30-Day Challenge Guidelines
Like previous challenges there are no hard and fast rules to participate. There are a few suggested guidelines
- Each day in November 2024 write about the history or a company that makes up the Dow Jones.
- Share at least one fact about that company.
- If so inclined use the hash tag #Coach4adayChallenge on social media platforms
November 19th-Merck
Merck & Co. stock symbol MRK was added to the Dow Jones Industrial Average (DJIA) on June 29, 1979. Since 1972 MRK has gone under 6 separate stock splits. The company’s biggest selling drug in 2024 is Keytruda which is the top selling drug world-wide.
When Merck was listed on the Dow it stock was trading around $1.75 a share in 1979. On November 15, 2024, its price was $96.31.
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