In a filing, Zim Integrated Shipping Services Ltd revealed its 10% Owner Kenon Holdings Ltd. acquired Company’s shares for reported $359.66 million on Nov 22 ’24. In the deal valued at $24.23 per share,14,843,478 shares were bought.
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Then, Ben-Amram Eyal bought 10,000 shares, generating $267,800 in total proceeds.
Before that, Ben-Amram Eyal bought 10,000 shares. Zim Integrated Shipping Services Ltd shares valued at $235,200 were divested by the Officer at a price of $23.52 per share.
Jefferies downgraded its Zim Integrated Shipping Services Ltd [ZIM] rating to a Hold from a a Buy in a research note published recently. Citigroup also remained covering ZIM and has decreased its forecast on June 06, 2024 with a “Sell” recommendation from previously “Neutral” rating. Jefferies revised its rating on January 29, 2024. It rated ZIM as “a Buy” which previously was an “a Hold”.
Price Performance Review of ZIM
On Tuesday, Zim Integrated Shipping Services Ltd [NYSE:ZIM] saw its stock fall -5.08% to $21.10. Over the last five days, the stock has lost -21.21%. Zim Integrated Shipping Services Ltd shares have risen nearly 113.78% since the year began. Nevertheless, the stocks have risen 218.25% over the past one year. While a 52-week high of $30.15 was reached on 11/20/24, a 52-week low of $6.39 was recorded on 03/20/24. SMA at 50 days reached $22.88, while 200 days put it at $17.80.
Levels Of Support And Resistance For ZIM Stock
The 24-hour chart illustrates a support level at 20.49, which if violated will result in even more drops to 19.89. On the upside, there is a resistance level at 22.22. A further resistance level may holdings at 23.35. The Relative Strength Index (RSI) on the 14-day chart is 38.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.02%. Stochastics %K at 8.83% indicates the stock is a buying.
How much short interest is there in Zim Integrated Shipping Services Ltd?
A steep rise in short interest was recorded in Zim Integrated Shipping Services Ltd stocks on 2024-10-31, dropping by -2.99 million shares to a total of 12.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 15.74 million shares. There was a decline of -23.48%, which implies that there is a negative sentiment for the stock.
