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Zim Stock Is Soaring: Should Investors Take Profits?

Zim Integrated Shipping's stock price has soared since I recommended it as a buy.

By Parkev Tatevosian, CFA – Updated Jan 16, 2024 at 8:07AM EST

Fool.com contributor Parkev Tatevosian says it's time to take profits in Zim (ZIM 0.04%) stock as the attacks in the Red Sea helped its stock price increase.

*Stock prices used were the afternoon prices of Jan. 13, 2024. The video was published on Jan. 15, 2024.

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About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
TMFParkev
X@TMFParkev

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.

Stocks Mentioned

Zim Integrated Shipping Services Stock Quote
Zim Integrated Shipping Services
NYSE: ZIM
$26.39
(-0.04%)-$0.01

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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