Why Shares of ZIM Integrated Shipping Services Are Falling Again Today
After the company disappointed investors with a weaker-than-expected first-quarter 2023 earnings report and offered an inauspicious outlook on 2023, the stock price of ZIM Integrated Shipping Services (NYSE: ZIM) plunged more than 16% yesterday. As of 10:05 a.m. ET, shares of ZIM have dropped 7.2%, paring back their earlier decline of 11.8%. Main Street investors are finding today that the disapproval they expressed yesterday is being validated by those on Wall Street.