Here's why the ZIM Integrated stock price is sinking

ZIM Integrated (NYSE: ZIM) stock price plunged by more than 7% in the pre-market session after a major warning from Maersk, the second-biggest shipping company in the world. The shares crashed to a low of $12, much lower than this month’s high of $15.57.ZIM Integrated share price has been in a strong uptrend in the past few weeks as the crisis in the Red Sea pushed container prices sharply higher. Data shows that the World Container Index has soared to over $3,800, up from below $1,500 in December. This pri ...