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Should You Buy ZIM Integrated Shipping Services Ltd (ZIM) Stock After it Has Fallen 12.91% in a Week?

Monday, September 26, 2022 11:05 AM | InvestorsObserver Analysts
Should You Buy ZIM Integrated Shipping Services Ltd (ZIM) Stock After it Has Fallen 12.91% in a Week?

The market has been down on ZIM Integrated Shipping Services Ltd (ZIM) stock recently. ZIM gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
ZIM Integrated Shipping Services Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ZIM!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With ZIM Stock Today?

ZIM Integrated Shipping Services Ltd (ZIM) stock is trading at $25.03 as of 10:53 AM on Monday, Sep 26, a rise of $0.15, or 0.6% from the previous closing price of $24.88. The stock has traded between $24.65 and $25.35 so far today. Volume today is less active than usual. So far 1,413,300 shares have traded compared to average volume of 6,319,479 shares.

More About ZIM Integrated Shipping Services Ltd

ZIM Integrated Shipping Services Ltd is an asset-light container liner shipping company. It offers tailored services, including land transportation and logistical services, specialized shipping solutions, including the transportation of out-of-gauge cargo, refrigerated cargo, and dangerous and hazardous cargo. Its services include Cargo Services, Digital Services, Schedules, and Shipping Trades and Lines. Geographically, it derives a majority of revenue from the Pacific. Click Here to get the full Stock Report for ZIM Integrated Shipping Services Ltd stock.

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