DJ Zimmer Biomet Holdings Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Zimmer Biomet Holdings Inc. $(ZBH)$ slumped 0.92% to $118.46 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.91% to 5,064.20 and the Dow Jones Industrial Average rising 0.85% to 38,225.66.
This was the stock's third consecutive day of losses.
Zimmer Biomet Holdings Inc. closed $29.04 short of its 52-week high ($147.50), which the company achieved on June 30th.
The stock underperformed when compared to some of its competitors Thursday, as Johnson & Johnson $(JNJ)$ fell 0.83% to $149.92, Medtronic PLC $(MDT)$ rose 0.04% to $80.92, and Stryker Corp. $(SYK)$ fell 0.45% to $326.63.
Trading volume (2.9 M) eclipsed its 50-day average volume of 1.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 2, 2024.
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(END) Dow Jones Newswires
May 02, 2024 17:06 ET (21:06 GMT)
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