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ZIMV.US
id: 1056

ZimVie (ZIMV) Failure to Meet 2022 Earnings Projections Case

  • On March 2, 2023, $ZIMV fell 44% after the Company’s Q4’ 22 and full Y2022 earnings came in far below expectations.
  • On it, $ZIMV fell 44.5%, losing $123M+ of shareholder value.
  • Investors may have grounds to suspect ZimVie of business setbacks, which led to their losses.
ZimVie is a global life sciences leader in the dental and spine markets. In March 2022, the Company became an independent, publicly traded spin-off of the dental and spine business units of Zimmer Biomet.

On March 2, 2023, Company reported fourth quarter and full-year 2022 earnings that came in far below analysts’ expectations.

On this news, $ZIMV fell 44.5% and lost over $123 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect ZimVie of failing to execute its financial plans, which led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Case Status
Attorney Investigation
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
02 March 2023
Collecting participants…

ZimVie Inc

ZimVie Inc., together with its subsidiaries, develops, manufactures, and markets a portfolio of products and solutions designed to treat various spine pathologies, and support dental tooth replacem...

    Ticker
    ZIMV.US
    ISIN
    US98888T1079
    CIK
    1876588
    Sector
    Healthcare
    Industry
    Medical Devices
    Country
    USA
    Address
    10225 Westmoor Drive, Westminster, CO, United States, 80021