Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Zoetis Inc shares valued at $617,028 were sold by Polzer Robert J on Nov 25 ’24. At $177.46 per share, Polzer Robert J sold 3,477 shares. The insider’s holdings dropped to 3,249 shares worth approximately $0.54 million following the completion of this transaction.
Also, Polzer Robert J purchased 3,477 shares, netting a total of over 617,029 in proceeds.
Before that, Lagano Roxanne had sold 923 shares from its account. In a trade valued at $139,530, the Executive Vice President traded Zoetis Inc shares for $151.17 each. Upon closing the transaction, the insider’s holdings decreased to 923 shares, worth approximately $2.47 million.
As published in their initiating research note from Leerink Partners on December 02, 2024, Zoetis Inc [ZTS] has been an Outperform and the price target has been revised to $215. Analysts at BTIG Research started covering the stock with ‘”a Buy”‘ outlook in a report released in late July. As of January 12, 2024, Stifel has reiterated its “Buy” rating for ZTS.
Analyzing ZTS Stock Performance
During the last five days, there has been a surge of approximately 2.25%. Over the course of the year, Zoetis Inc shares have jumped approximately 2.60%. Shares of the company reached a 52-week high of $167.98 on 01/15/25 and a 52-week low of $160.59 on 01/03/25. A 50-day SMA is recorded $171.91, while a 200-day SMA reached $176.02. Nevertheless, trading volume fell to 2.74 million shares from 3.61 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 165.71, which, if violated, would cause prices to drop to 164.26. In the upper region, resistance lies at 168.30. The next price resistance is at 169.44. RSI (Relative Strength Index) is 48.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.57, which suggests the price will increase in the coming days. Percent R is at 10.96%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
