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A/S Genmab bought $122M in Merus shares, boosting its stake to 72.8M, despite stock trading below purchase price.
A/S Genmab, a major shareholder of Merus (MRUS), bought 1.26 million shares between December 16 and 26, 2024, at $97.00 per share, investing about $122 million and increasing its stake to 72.8 million shares, valued at $7.06 billion.
The purchases, disclosed in SEC filings, reflect continued confidence despite Merus stock trading at $90.00 on December 30, down from a 12-month high of $97.14.
The company’s market cap stood at $6.83 billion, with analysts rating it a "hold" on average and a target price of $93.56.
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A/S Genmab compró $122M en acciones de Merus, aumentando su participación a 72.8M, a pesar de que las acciones se comercializaron por debajo del precio de compra.