Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Zim Integrated Shipping Services Ltd shares valued at $514,650 were purchased by Ben-Amram Eyal on Dec 12 ’24. At $19.10 per share, Ben-Amram Eyal acquired 26,945 shares.
Also, Ben-Amram Eyal purchased 3,055 shares, netting a total of over 62,139 in proceeds.
Before that, Kenon Holdings Ltd. had added 14,843,478 shares to its account. In a trade valued at $359,657,472, the 10% Owner bought Zim Integrated Shipping Services Ltd shares for $24.23 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 0.17%. Over the course of the year, Zim Integrated Shipping Services Ltd shares have dropped approximately -15.65%. Shares of the company reached a 52-week high of $23.61 on 01/02/25 and a 52-week low of $15.70 on 01/17/25. A 50-day SMA is recorded $19.49, while a 200-day SMA reached $19.77. Nevertheless, trading volume fell to 5.9 million shares from 3.77 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 17.65, which, if violated, would cause prices to drop to 17.20. In the upper region, resistance lies at 18.67. The next price resistance is at 19.24. RSI (Relative Strength Index) is 47.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.58, which suggests the price will decrease in the coming days. Percent R is at 21.75%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
