There was huge volume today on Merck, and it was up 4.7%. No one knew why.
After the bell, Merck announced an accelerated re-purchase agreement of its shares from Goldman Sachs.
"Merck will make an initial purchase of 99.5 million shares based on current market prices" (that means 5/21/2013's inflated close!)
Though I haven't bought or sold shares, I'll be sending a complaint over to the SEC over this fraud. Someone needs to go to jail.
Not to mention the active buyers of June 47 Calls