Zoetis Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Zoetis (NYSE:ZTS) by a large investor, as observed in the unusual options activity. The overall sentiment of these big-money traders is 30% bullish and 70% bearish. The whales have been targeting a price range from $170.0 to $200.0 for Zoetis over the last 3 months. The current price of ZTS is up 7.14% at $183.86, and the next earnings are expected to be released in 18 days.
July 21, 2023 | 4:48 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Zoetis, with the overall sentiment being 70% bearish. The target price range is $170-$200.
The bearish stance taken by a large investor indicates a potential decrease in the stock price of Zoetis. The overall sentiment being 70% bearish further supports this. The target price range of $170-$200 suggests that the investor expects the price to decrease within this range.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100