Large Outflow of Money Witnessed in Zoetis

Zoetis (ZTS) : Money flow in the Zoetis (ZTS) stock was negative (7.82 million) on Friday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $9.62 million, compared to $17.45 million on downticks. The total uptick to downtick ratio was 0.55, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($8.22 million), indicating selling on the strength. The transaction value during uptick in block trades was $0.73 million. Downtick transaction value in block trades amounted to $8.95 million, indicating persistent selling. The uptick to downtick ratio was 0.08. Zoetis (ZTS) traded $0.12 higher at $50.26 gaining 0.24% over the previous days close.


Zoetis (ZTS) : The highest level Zoetis (ZTS) is projected to reach is $62 for the short term and the lowest estimate is at $45. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $53.13 and the possibility the share price can swing is $5.72.

Zoetis (NYSE:ZTS): stock turned positive on Friday. Though the stock opened at $50.17, the bulls momentum made the stock top out at $50.36 level for the day. The stock recorded a low of $49.87 and closed the trading day at $50.26, in the green by 0.24%. The total traded volume for the day was 1,308,113. The stock had closed at $50.14 in the previous days trading.

Zoetis Inc. is engaged in the discovery, development, manufacture and commercialization of animal health medicines and vaccines, with a focus on both livestock and companion animals. The Company markets products across four regions: the United States, Europe/Africa/Middle East, Canada/Latin America and Asia/Pacific; eight species: the livestock species of cattle, swine, poultry, sheep and fish, and the companion animal species of dogs, cats and horses, and five product categories: anti-infectives, vaccines, parasiticides, medicated feed additives and other pharmaceutical products. In addition, its Client Supply Services (CSS) organization provides contract manufacturing services to third parties.

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