In a filing, Zoetis Inc revealed its Executive Vice President Lagano Roxanne unloaded Company’s shares for reported $0.16 million on Mar 18 ’24. In the deal valued at $173.33 per share,923 shares were sold. As a result of this transaction, Lagano Roxanne now holds 15,723 shares worth roughly $2.61 million.
Then, Reed Willie M sold 1,370 shares, generating $250,265 in total proceeds. Upon selling the shares at $182.68, the Director now owns 9,994 shares.
Before that, PECK KRISTIN C sold 13,000 shares. Zoetis Inc shares valued at $2,433,636 were divested by the Chief Executive Officer at a price of $187.20 per share. As a result of the transaction, PECK KRISTIN C now holds 79,366 shares, worth roughly $13.16 million.
Stifel reiterated its Zoetis Inc [ZTS] rating to a Buy in a research note published on January 12, 2024; the price target was $215. Exane BNP Paribas began covering ZTS with “an Outperform” recommendation on December 07, 2023. HSBC Securities started covering the stock on September 06, 2023. It rated ZTS as “a Buy”.
Price Performance Review of ZTS
On Friday, Zoetis Inc [NYSE:ZTS] saw its stock jump 0.21% to $165.86. Over the last five days, the stock has lost -1.98%. Zoetis Inc shares have fallen nearly -15.96% since the year began. Nevertheless, the stocks have fallen -0.72% over the past one year. While a 52-week high of $201.92 was reached on 02/29/24, a 52-week low of $151.03 was recorded on 04/03/24. SMA at 50 days reached $183.18, while 200 days put it at $181.02. A total of 3.66 million shares were traded, compared to the trading of 2.48 million shares in the previous session.
Levels Of Support And Resistance For ZTS Stock
The 24-hour chart illustrates a support level at 164.32, which if violated will result in even more drops to 162.77. On the upside, there is a resistance level at 168.40. A further resistance level may holdings at 170.93. The Relative Strength Index (RSI) on the 14-day chart is 34.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.46%. Stochastics %K at 17.38% indicates the stock is a buying.
How much short interest is there in Zoetis Inc?
A steep rise in short interest was recorded in Zoetis Inc stocks on Mar 15, 2024, growing by 0.16 million shares to a total of 3.57 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.41 million shares. There was a rise of 4.48%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.78% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.04.
The most recent change occurred on July 12, 2022 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating along with a $205 price target.
