Not Any Harbinger: Merck’s CIO Cashing Options — And Selling Stock — Likely (Mostly) To Cover A Divorce Settlement August 4, 2015

The wires are reporting this as a multi million dollar open market sale of Merck stock on the NYSE.

That is true — but incomplete. As the footnotes to the SEC Form 4 indicate, the transfers are in part the result of a QDRO, or a “qualified domestic relations order” — or, in plainer English — a divorce settlement.

So — net net, I’d say that none of it reflects any view about Merck’s near term prospects — from Kenilworth’s CIO. Separately, the New GC also sold some, under a pre-filed trading plan. Again, no big deal. Just my $0.02. . . Should be yours, too, though.