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Recent Insider Activity Could Benefit Zoetis Inc (ZTS)

Zoetis Inc’s recent filing unveils that its Executive Vice President Lagano Roxanne unloaded Company’s shares for reported $0.14 million on Apr 18 ’24. In the deal valued at $151.17 per share,923 shares were sold. As a result of this transaction, Lagano Roxanne now holds 14,800 shares worth roughly $2.47 million.

Then, Lagano Roxanne sold 923 shares, generating $159,984 in total proceeds. Upon selling the shares at $173.33, the Executive Vice President now owns 15,723 shares.

Before that, Reed Willie M sold 1,370 shares. Zoetis Inc shares valued at $250,265 were divested by the Director at a price of $182.68 per share. As a result of the transaction, Reed Willie M now holds 9,994 shares, worth roughly $1.67 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 fall -0.10% to $167.07. Over the last five days, the stock has gained 5.46%. Zoetis Inc shares have fallen nearly -15.35% since the year began. Nevertheless, the stocks have fallen -6.00% over the past one year. While a 52-week high of $201.92 was reached on 02/29/24, a 52-week low of $144.80 was recorded on 04/22/24. SMA at 50 days reached $169.44, while 200 days put it at $179.66. A total of 2.98 million shares were traded, compared to the trading of 5.32 million shares in the previous session.

Levels Of Support And Resistance For ZTS Stock

The 24-hour chart illustrates a support level at 165.45, which if violated will result in even more drops to 163.83. On the upside, there is a resistance level at 170.19. A further resistance level may holdings at 173.31. The Relative Strength Index (RSI) on the 14-day chart is 58.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.98, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.18%. Stochastics %K at 79.85% indicates the stock is a holding.

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.

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