Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Zoetis Inc shares valued at $139,530 were sold by Lagano Roxanne on Apr 18 ’24. At $151.17 per share, Lagano Roxanne sold 923 shares. The insider’s holdings dropped to 14,800 shares worth approximately $2.23 million following the completion of this transaction.
Also, Lagano Roxanne sold 923 shares, netting a total of over 159,984 in proceeds. Following the sale of shares at $173.33 each, the insider now holds 15,723 shares.
Before that, Reed Willie M had sold 1,370 shares from its account. In a trade valued at $250,265, the Director traded Zoetis Inc shares for $182.68 each. Upon closing the transaction, the insider’s holdings decreased to 1,370 shares, worth approximately $1.51 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 drop of approximately -0.70%. Over the course of the year, Zoetis Inc shares have dropped approximately -23.55%. Shares of the company reached a 52-week high of $200.53 on 02/29/24 and a 52-week low of $144.80 on 04/22/24. A 50-day SMA is recorded $173.32, while a 200-day SMA reached $180.04. Nevertheless, trading volume fell to 3.57 million shares from 4.32 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 149.17, which, if violated, would cause prices to drop to 147.47. In the upper region, resistance lies at 152.16. The next price resistance is at 153.45. RSI (Relative Strength Index) is 34.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.69, which suggests the price will decrease in the coming days. Percent R is at 75.27%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
