The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Zim Integrated Shipping Services Ltd shares valued at $235,200 were purchased by Ben-Amram Eyal on Sep 27 ’24. At $23.52 per share, Ben-Amram Eyal acquired 10,000 shares.
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Also, Ben-Amram Eyal purchased 10,000 shares, netting a total of over 225,400 in proceeds.
Before that, Tiran Assaf had added 35,000 shares to its account. In a trade valued at $788,900, the EVP Cross Suez and Atlantic Tr bought Zim Integrated Shipping Services Ltd shares for $22.54 each.
As published in a research note from Jefferies on October 02, 2024, Zim Integrated Shipping Services Ltd [ZIM] has been rated down from a Buy to a Hold and the price target has been revised to $25. As of June 06, 2024, Citigroup has decreased its “Neutral” rating to a “Sell” for ZIM. Earlier on January 29, 2024, Jefferies upgraded its rating. Their new recommendation was “a Buy” for ZIM stock which previously was a “a Hold”.
Analyzing ZIM Stock Performance
During the last five days, there has been a surge of approximately 0.16%. Over the course of the year, Zim Integrated Shipping Services Ltd shares have jumped approximately 156.84%. Shares of the company reached a 52-week high of $27.48 on 11/14/24 and a 52-week low of $9.08 on 03/20/24. A 50-day SMA is recorded $21.77, while a 200-day SMA reached $17.32. Nevertheless, trading volume fell to 7.43 million shares from 5.14 million shares the previous day.
Support And Resistance Levels for Zim Integrated Shipping Services Ltd (ZIM)
According to the 24-hour chart, there is a support level at 24.62, which, if violated, would cause prices to drop to 23.89. In the upper region, resistance lies at 26.78. The next price resistance is at 28.21. RSI (Relative Strength Index) is 60.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.85, which suggests the price will decrease in the coming days. Percent R is at 35.44%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
