Among the S&P 500’s biggest fallers on Friday November 08 was Zoetis Inc. Class A (ZTS). The stock experienced a 2.62% decline to $117.86 with 3.78 million shares changing hands.
Zoetis Inc. Class A started at an opening price of 120.82 and hit a high of $121.75 and a low of $116.31. Ultimately, the stock took a hit and finished the day at $3.17 per share. Zoetis Inc. Class A trades an average of n/a shares a day out of a total 477.56 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Zoetis Inc. Class A hit a high of $130.20 and a low of $78.91 over the last year.
Zoetis sells anti-infectives, vaccines, parasiticides, diagnostics, and other health products for animals. The firm earns more than 55% of total revenue from production animals (cattle, pigs, poultry, and so on), and companion animal (dogs, horses, cats) products make up the remainder. The firm has the largest market share in the industry and was previously Pfizer’s animal health unit.
With its headquarters located in Parsippany, NJ, Zoetis Inc. Class A employs 10,000 people. After today’s trading, the company’s market cap has fallen to $56.28 billion, a P/S of n/a, a P/B of 23.34, and a P/FCF of n/a.
For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.
The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.
