Here's How ZIM Stock Is Reacting to a Tough Market

By Parkev Tatevosian, CFA – Jun 19, 2023 at 9:38AM

NYSE: ZIM

Zim Integrated Shipping Services

Market Cap

$2B

Today's Change

(16.07%) $1.83

Current Price

$13.22

Price as of April 26, 2024, 4:00 p.m. ET

Shipping rates have collapsed from pandemic highs, which is bad news for ZIM stock investors.

Fool.com contributor and finance professor Parkev Tatevosian discusses how ZIM (ZIM 16.07%) is adapting to the rapidly changing market for its services.

*Stock prices used were the afternoon prices of June 16, 2023. The video was published on June 18, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Zim Integrated Shipping Services. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.