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Cetera Advisor Networks LLC bought a new position in shares of ZIM Integrated Shipping Services during the first quarter worth about $244,000.
Despite the impairing container market condition in the past two quarters, ZIM its container capacity.
HBK Sorce Advisory LLC grew its holdings in ZIM Integrated Shipping Services by 100.0% during the 4th quarter.
Robeco Institutional Asset Management B.V. acquired a new position in shares of ZIM Integrated Shipping Services during the 4th quarter valued at about $1,194,000.
The lack of a dramatic dip and with ZIM not hitting new lows for the year, the stock appears poised to settle into this new range of lower-for-longer versus any collapse to new lows below $10.
ZIM Integrated Shipping (: Higher shipping spot-rates will likely reinvigorate sluggish revenue growth.
Source: https://investorplace.com/2023/09/the-3-most-undervalued-under-20-stocks-to-buy-in-september-2023/
ZIM Integrated Shipping Services () submitted first-quarter earnings on Monday before the market opened which caused the stock price to fall 16% and reach a new 1-year low.
Source: https://seekingalpha.com/article/4606956-zim-integrated-shocks-the-market?source=feed_all_articles