Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Zoetis Inc. shares valued at $390,623 were sold by Lagano Roxanne on Jul 22. At $180.26 per share, Lagano Roxanne sold 2,167 shares. The insider’s holdings dropped to 23,687 shares worth approximately $4.13 million following the completion of this transaction.
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Also, PECK KRISTIN C sold 9,689 shares, netting a total of over 1,744,020 in proceeds. Following the sale of shares at $180.00 each, the insider now holds 39,743 shares.
Before that, PECK KRISTIN C had sold 311 shares from its account. In a trade valued at $55,980, the Chief Executive Officer traded Zoetis Inc. shares for $180.00 each. Upon closing the transaction, the insider’s holdings decreased to 311 shares, worth approximately $6.93 million.
As published in their initiating research note from Piper Sandler on July 12, 2022, Zoetis Inc. [ZTS] has been an Overweight and the price target has been revised to $205. This represents a 14.97% premium over Thursday’s closing price. Analysts at Morgan Stanley started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid November. As of November 18, 2021, Morgan Stanley has initiated its “an Overweight” rating for ZTS.
Analyzing ZTS’s Price Performance
On Thursday, Zoetis Inc. [NYSE: ZTS] plunged -3.25% to $174.31. The stock’s lowest price that day was $172.82, but it reached a high of $181.90 in the same session. During the last five days, there has been a drop of approximately -4.37%. Over the course of the year, Zoetis Inc. shares have dropped approximately -28.57%. Shares of the company reached a 52-week high of $243.24 on 01/03/22 and a 52-week low of $154.18 on 06/16/22. A 50-day SMA is recorded $171.49, while a 200-day SMA reached $194.30. Nevertheless, trading volume fell to 2.39 million shares from 1.18 million shares the previous day.
Support And Resistance Levels for Zoetis Inc. (ZTS)
According to the 24-hour chart, there is a support level at 170.79, which, if violated, would cause prices to drop to 167.26. In the upper region, resistance lies at 179.87. The next price resistance is at 185.42. RSI (Relative Strength Index) is 47.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 75.78%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Zoetis Inc. subject to short interest?
Stocks of Zoetis Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.58 million shares to 3.39 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.97 million shares. A decline of -17.11% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.77 of the overall float, the days-to-cover ratio (short ratio) decline to 1.77.
Which companies own the most shares of Zoetis Inc. (ZTS)?
According to The Vanguard Group, Inc. filings, the company currently owns 34,000,487 shares, which is about 7.22% of the total ZTS shares outstanding. The investor’s shares have plunged by -1,368,047 from its previous 13-F filing of 35368534.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $3,829,559,999. SSgA Funds Management, Inc. reduced a -1.51% interest valued at $3.39 billion while AllianceBernstein LP purchased a 723,333 stake. A total of 0 shares of Zoetis Inc. were bought by State Farm Investment Management during the quarter, and -679,795 were sold by Fidelity Management & Research Co. In its current portfolio, T. Rowe Price Associates, Inc. holds 9,506,051 shares valued at $1.63 billion.