$ZIM is rising despite Citibanks attempts, now perfect opportunity

Posted: Jun 10, 2024

- Cargo shipping company stock has risen 168.37% in 6 months and 16.26% in the last month. - Demand in overseas container shipping is increasing, proven by rising WCI (World Container Index). - Stock price dropped from $28.80 to $19.11 due to Kenon selling 5 million shares through Citigroup. - Citigroup reported a price target of $13, causing the drop, but retail investors pushed the price back up to $20.43. - Now is a good time to buy as the price reassurance is seen as a bullish signal.





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