Why ZimVie Stock Is Sinking Today

·2 min read

Shares of ZimVie (NASDAQ: ZIMV) are sinking today, down by 12.7% as of 12:40 p.m. ET. The decline came after the life sciences company announced its second-quarter results following the market close on Wednesday. ZimVie reported Q2 revenue of $233.4 million, down 11.5% year over year.