Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Zoetis Inc shares valued at $159,984 were sold by Lagano Roxanne on Mar 18 ’24. At $173.33 per share, Lagano Roxanne sold 923 shares. The insider’s holdings dropped to 15,723 shares worth approximately $2.57 million following the completion of this transaction.
Also, Reed Willie M sold 1,370 shares, netting a total of over 250,265 in proceeds. Following the sale of shares at $182.68 each, the insider now holds 9,994 shares.
Before that, PECK KRISTIN C had sold 13,000 shares from its account. In a trade valued at $2,433,636, the Chief Executive Officer traded Zoetis Inc shares for $187.20 each. Upon closing the transaction, the insider’s holdings decreased to 13,000 shares, worth approximately $12.95 million.
As published in a research note from Stifel on January 12, 2024, Zoetis Inc [ZTS] has been retained to a Buy and the price target has been revised to $215. As of December 07, 2023, Exane BNP Paribas has initiated its “an Outperform” rating for ZTS. Earlier on September 06, 2023, HSBC Securities initiated its rating. Their recommendation was “a Buy” for ZTS stock.
Analyzing ZTS Stock Performance
During the last five days, there has been a surge of approximately 0.14%. Over the course of the year, Zoetis Inc shares have dropped approximately -17.31%. Shares of the company reached a 52-week high of $200.53 on 02/29/24 and a 52-week low of $162.64 on 04/10/24. A 50-day SMA is recorded $181.67, while a 200-day SMA reached $180.95. Nevertheless, trading volume fell to 2.33 million shares from 2.3 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 162.27, which, if violated, would cause prices to drop to 161.34. In the upper region, resistance lies at 164.50. The next price resistance is at 165.80. RSI (Relative Strength Index) is 32.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.14, which suggests the price will decrease in the coming days. Percent R is at 95.21%, 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 rise in short interest on Mar 15, 2024 jumping by 0.16 million shares to 3.57 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 3.41 million shares. A jump of 4.48% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.04 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.04.
