ZIM stock has been rising since April 25 after dropping between March 21 and April 24. The stock has been rallying every day and analysts expect it to continue rallying for the next few weeks.
To help stock traders eying to invest in the ZIM stock, Invezz has created a brief article on what it is and the best places to buy it.
To find out more, please continue reading.
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What is ZIM stock?
ZIM stock is the stock of Zim Integrated Shipping Services Ltd., and it trades on the New York Stock Exchange under the ticker NYSE: ZIM.
In a nutshell, Zim Integrated Shipping Services Ltd., commonly just referred to as ZIM, is a publicly held Israeli international cargo shipping company. It has headquarters in Haifa, Israel, and in Norfolk, Virginia.
ZIM is ranked among the top 20 global shipping companies in the world.
Should I buy the ZIM stock today?
If you want to invest in a shipping company stock that is on the rise, then ZIM stock could be a good stock choice.
Nevertheless, it is important to note that the shipping industry is affected by a variety of factors including geopolitical stability and the price of $ZIM could be affected if the confrontation between Russia and Ukraine blew up to involve the larger Europe.
ZIM stock price prediction
Analysts and investors project that the ZIM stock shall continue on the current bullish trend and possibly hit $70 by the end of next week.
$ZIM stock social media coverage
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