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Zoetis Inc (ZTS) rating initates by BTIG Research

In a filing, Zoetis Inc revealed 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 $2.73 million.

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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 $1.84 million.

BTIG Research initiated its Zoetis Inc [ZTS] rating to a Buy in a research note published on July 25, 2024; the price target was $220. A number of analysts have revised their coverage, including Stifel’s analysts, who remained covering the stock and in mid January has reiterated a ‘”a Buy”‘ rating for it. Exane BNP Paribas started covering the stock on December 07, 2023. It rated ZTS as “an Outperform”.

Price Performance Review of ZTS

On Monday, Zoetis Inc [NYSE:ZTS] saw its stock jump 0.42% to $184.48. Over the last five days, the stock has gained 0.36%. Zoetis Inc shares have fallen nearly -6.53% since the year began. Nevertheless, the stocks have risen 0.94% 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 $178.09, while 200 days put it at $178.29.

Levels Of Support And Resistance For ZTS Stock

The 24-hour chart illustrates a support level at 183.19, which if violated will result in even more drops to 181.89. On the upside, there is a resistance level at 185.15. A further resistance level may holdings at 185.81. The Relative Strength Index (RSI) on the 14-day chart is 54.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.92%. Stochastics%K at 65.91% indicates the stock is a holding.

How much short interest is there in Zoetis Inc?

A steep rise in short interest was recorded in Zoetis Inc stocks on 2024-07-31, dropping by -1.59 million shares to a total of 4.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 6.25 million shares. There was a decline of -34.23%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on September 06, 2023 when HSBC Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $230 price target.

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