ZIM: I Was Wrong, But Still Bullish [Seeking Alpha]
A.P MOLLER-MRS UNS/ADR (AMKBY)
NASDAQ:AMEX Investor Relations:
investor.maersk.com/investor-relations
Company Research
Source: Seeking Alpha
The Red Sea crisis has resulted in a spike in freight prices, creating an opportunity for ZIM to generate decent returns in Q1 and beyond. ZIM's shares are undervalued and have room for growth, with the potential for the company to become net cash positive and announce dividends. I have been pretty bullish on ZIM ( NYSE: ZIM ) in the past in large due to believing that by achieving a soft landing the global trading activity will improve and lead to higher freight prices to which the company's business is greatly exposed. While it seems that a soft landing is on the cards, the freight prices failed to gain traction in recent months, which resulted in the depreciation of ZIM's shares. Since the publication of my latest bullish article on the company in March, ZIM's total return was -20% and we could safely say that I was wrong in my thinking last year. However, while my thesis hasn't been entirely correct last year, there are nevertheless reasons to believe that the worst for ZIM
Show less
Read more
Impact Snapshot
Event Time:
AMKBY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AMKBY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AMKBY alerts
High impacting A.P MOLLER-MRS UNS/ADR news events
Weekly update
A roundup of the hottest topics
AMKBY
News
- Legal battles over Carlsberg's Russian unit to last years, CEO says [Reuters]Reuters
- Carlsberg Q1 sales slightly above forecast, guidance unchanged [Reuters]Reuters
- UPDATE 1-Nigeria secures $600 million Maersk investment in seaport infrastructure [Yahoo! Finance]Yahoo! Finance
- Eurovision 2024: Song Contest host Sweden braces for anti-Israel protests [Reuters]Reuters
- What we know about Copenhagen's Old Stock Exchange that caught fire [Reuters]Reuters
AMKBY
Analyst Actions
- 2/21/24 - Sanford C. Bernstein