Shares of Zimmer Biomet Holdings Inc.
shed 1.13% to $146.01 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
rising 0.85% to 4,480.70 and the Dow Jones Industrial Average
rising 0.68% to 34,814.39. The stock's fall snapped a two-day winning streak. Zimmer Biomet Holdings Inc. closed $34.35 short of its 52-week high ($180.36), which the company reached on April 29th.
The stock underperformed when compared to some of its competitors Wednesday, as Johnson & Johnson
rose 0.38% to $165.42, Stryker Corp.
rose 0.67% to $277.10, and Smith & Nephew PLC ADR
fell 0.76% to $36.58. Trading volume (2.0 M) eclipsed its 50-day average volume of 1.5 M.