ZIM Integrated Shipping Services (ZIM) Stock Sinks As Market Gains: Here's Why

ZIM Integrated Shipping Services (ZIM) ended the recent trading session at $16.60, demonstrating a -0.12% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1%. At the same time, the Dow added 0.78%, and the tech-heavy Nasdaq gained 1.51%.Shares of the container shipping company witnessed a loss of 9.58% over the previous month, trailing the performance of the Transportation sector with its loss of 0.71% and the S&P 500's loss of 2.14%.The investmen ...