Based in Warsaw, Indiana, Zimmer Biomet is the nation's largest pure-play maker of orthopedic devices. The current company arose from the 2015 merger of Zimmer and Biomet, both of which were headquartered in Warsaw, Indiana. The company designs, develops, and manufactures reconstructive orthopedic implants, sports injury repair and trauma products, and related orthopedic surgical products. Its primary customers include musculoskeletal surgeons, neurosurgeons, hospitals, distributors, and, in their capacity as agents, healthcare purchasing organizations or buying groups. ZBH shares are a component of the S&P 500.

Neutral remains the order of the day when it comes to insider-sentiment data from Vickers Stock Research. As has been the case for several weeks now, insiders simply will not commit to a bullish or a bearish stance. The likely biggest current contributor to this is the cyclical impact of earnings season, when corporate executives, directors, and beneficial owners are broadly prohibited from trading. But throw in the election and Fed interest-rate decision this week, and it is not hard to make a case for static trading behavior. How landlocked is insider sentiment? Last week, Vickers' broadest sentiment ratio, the Total Eight-Week Sell/Buy Ratio, clocked in at 4.13. This week, the ratio has moved to 4.11. Of note, those readings exist in a neutral range that starts at 2.50 and goes up to 6.00. So they are almost exactly at the midpoint of the neutral range - and, therefore, about as neutral as a reading can get. On a sector basis, insider buying was particularly notable in Energy over the last week, with nearly $30 million of shares bought versus less than $1 million sold. Buying activity was also of note within Consumer Discretionary, trailing selling activity by a factor of just 1.4-times, as well as in the Healthcare sector. Meanwhile, insider selling was greatest in the Information Technology sector, with shares valued at roughly $108 million sold versus less than $0.5 million bought. Selling by insiders was also evident in the Financial sector, with shares valued at $67 million sold versus less than $4 million bought, as well as in the Industrials sector, with $62 million sold versus roughly $180,000 bought. This week, analysts at Vickers highlighted insider transactions of interest at Sirius XM Holdings Inc. (NGS: SIRI) and Southwest Airlines Co. (NYSE: LUV).

Zimmer Biomet designs, manufactures, and markets orthopedic reconstructive implants as well as supplies and surgical equipment for orthopedic surgery. With the acquisitions of Centerpulse in 2003 and Biomet in 2015, Zimmer holds the leading share of the reconstructive market in the United States, Europe, and Japan. Roughly two thirds of total revenue is derived from sales of large joints; another fourth comes from extremities, trauma, sports medicine, and related surgical products. The firm spun out its dental and spine businesses in 2022.

Zimmer Biomet designs, manufactures, and markets orthopedic reconstructive implants as well as supplies and surgical equipment for orthopedic surgery. With the acquisitions of Centerpulse in 2003 and Biomet in 2015, Zimmer holds the leading share of the reconstructive market in the United States, Europe, and Japan. Roughly two thirds of total revenue is derived from sales of large joints; another fourth comes from extremities, trauma, sports medicine, and related surgical products. The firm spun out its dental and spine businesses in 2022.