Zoetis, Elanco Stocks Surge After Texas Screwworm Case
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- New World screwworm confirmed in livestock in Texas
- Zoetis shares rose nearly 4% in midday trading after the screwworm news
- Elanco Animal Health shares gained about 2% in the same session
- Zoetis options volume jumped to almost 20× the daily average, with just under 12,000 contracts traded and more than 4,200 calls bought
Why it matters: Zoetis and Elanco benefit from higher share prices and trading activity as investors bet on demand for their screwworm treatments, while cattle producers may face supply pressure if the parasite spreads.
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