Shares of Zim Integrated Shipping Services (NYSE: ZIM) have more than doubled so far in 2024, fueled by geopolitical tensions that have caused ocean shipping rates to rebound. At least one analyst believes the rally is running out of steam. Shares of Zim traded down 15% as of 10:30 a.m. ET after Citigroup downgraded the […]
When I covered ZIM Integrated Shipping Services (NYSE:ZIM) stock a month ago, it was trading at $10.24. Today, shares in the Israeli company trade for $19.18. The stock has surged 88% over the last month, as sentiment improved and analysts noted strong tailwinds in the container shipping sector. At the current price, I’m neutral on ZIM, […]
Zim Integrated Shipping Services (NYSE: ZIM) reported fourth-quarter results that were slightly above expectations, but there is no end in sight to the macro headwinds that have plagued this business. Investors were hoping for more, and Zim shares were down nearly 14% as of 11:30 ET Wednesday. Zim is treading water Zim owns and operates […]
Tension in the Middle East is causing chaos in key global shipping routes, which could alter the economics of of the region’s top shippers. Shares of Zim Integrated Shipping Services (NYSE: ZIM) are up 10% as of 10 a.m. ET Monday after an analyst said “the script has flipped” for the once-challenged company. Rough geopolitical […]
Fool.com contributor Parkev Tatevosian evaluates ZIM Integrated Shipping (NYSE: ZIM) and its prospects, and provides a stock price prediction for 2024. *Stock prices used were the afternoon prices of Jan. 3, 2024. The video was published on Jan. 5, 2024. Should you invest $1,000 in Zim Integrated Shipping Services right now? Before you buy stock […]
cargo ship shipping containers international trade (1) Fool.com contributor Parkev Tatevosian highlights the significant challenges ZIM Integrated Shipping (NYSE: ZIM) must overcome in 2024. *Stock prices used were the afternoon prices of Dec. 15, 2023. The video was published on Dec. 17, 2023. Should you invest $1,000 in Zim Integrated Shipping Services right now? Before […]