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Zimmer Biomet (ZBH) Jumps: Stock Rises 6.4%

Zacks Equity Research

Zimmer Biomet Holdings, Inc. ZBH was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 16.1% in the past one-month time frame.

The move came after the company reported solid fourth-quarter 2018 results.

The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Zimmer Biomet currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Zimmer Biomet Holdings, Inc. Price

Zimmer Biomet Holdings, Inc. Price | Zimmer Biomet Holdings, Inc. Quote

Investors interested in the Medical - Products industry may consider Bovie Medical Corporation APYX, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here .

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