Zim Integrated Shipping Services Ltd’s recently made public that its Officer Ben-Amram Eyal acquired Company’s shares for reported $0.51 million on Dec 12 ’24. In the deal valued at $19.10 per share,26,945 shares were bought.
Then, Ben-Amram Eyal bought 3,055 shares, generating $62,139 in total proceeds.
Before that, Kenon Holdings Ltd. bought 14,843,478 shares. Zim Integrated Shipping Services Ltd shares valued at $359,657,472 were divested by the 10% Owner at a price of $24.23 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 Monday, Zim Integrated Shipping Services Ltd [NYSE:ZIM] saw its stock jump 0.91% to $14.47. Over the last five days, the stock has gained 11.74%. Zim Integrated Shipping Services Ltd shares have fallen nearly -32.60% since the year began. Nevertheless, the stocks have risen 31.15% over the past one year. While a 52-week high of $29.00 was reached on 01/02/25, a 52-week low of $11.03 was recorded on 04/09/25. SMA at 50 days reached $16.94, while 200 days put it at $19.45.
Levels Of Support And Resistance For ZIM Stock
The 24-hour chart illustrates a support level at 14.22, which if violated will result in even more drops to 13.97. On the upside, there is a resistance level at 14.66. A further resistance level may holdings at 14.84. The Relative Strength Index (RSI) on the 14-day chart is 48.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.41%. Stochastics %K at 90.04% indicates the stock is a selling.
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 2025-04-15, growing by 8.69 million shares to a total of 21.7 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 13.01 million shares. There was a rise of 40.04%, which implies that there is a positive sentiment for the stock.
