Down 91%, Is ZIM Stock a Buy for 2024?

By Parkev Tatevosian, CFA – Dec 18, 2023 at 9:36AM

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

ZIM is experiencing negative consequences of changing consumer behavior.

Fool.com contributor Parkev Tatevosian highlights the significant challenges ZIM Integrated Shipping (ZIM 16.07%) must overcome in 2024.

*Stock prices used were the afternoon prices of Dec. 15, 2023. The video was published on Dec. 17, 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, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.