ZBH.SW Zimmer Biomet (SIX) at CHF67.50 pre-market on volume spike: Feb 2026 outlook

We see a clear pre-market volume spike pushing Zimmer Biomet Holdings, Inc. (ZBH.SW) to CHF67.50 on the SIX exchange on Feb 2026. The move shows unusually high relative volume of 36.67 versus an average of 3.00 shares, and the stock is trading -4.26% from the prior close of CHF70.50. Traders should treat this as a high-conviction intraday signal: price sits at the year low of CHF67.50, the 50-day average is CHF78.58, and the 200-day average is CHF87.90. We examine the drivers, technicals, valuation and our model outlook for ZBH.SW stock