Confirmed screwworm case in Texas sends two biotech stocks higher
Options volume is surging for Zoetis as traders look for potential stock market winners in light of a screwworm case in Texas.
TL;DR
- New World screwworm detected in Texas livestock.
- Zoetis and Elanco Animal Health shares rose in trading.
- Zoetis saw a surge in options volume, with a bullish bias.
- Zoetis received FDA approval for an injectable screwworm treatment and prevention product.
- Concerns exist about potential beef supply strain if the parasite spreads.