Why Zim Integrated Shipping Services Was Winning Big This Week
Zim Integrated Shipping Services (NYSE: ZIM) stock has been delivering more than cargo to its shareholders over the past few trading days. On positive developments in the China-U.S. trade dispute, investors piled into the stock, sending it to a more than 26% gain week to date as of early Thursday night, according to data compiled by S&P Global Market Intelligence.The most powerful boost to Zim's stock came on Monday, when the U.S. and China agreed to mutually slash their initially sky-high mutual tariffs. These were initially enacted by the former, as President Trump moved to realign this country's trading regime with a range of partners. Image source: Getty Images.Continue reading
Zim Integrated Shipping Services (NYSE: ZIM) stock has been delivering more than cargo to its shareholders over the past few trading days. On positive developments in the China-U.S. trade dispute, investors piled into the stock, sending it to a more than 26% gain week to date as of early Thursday night, according to data compiled by S&P Global Market Intelligence.
The most powerful boost to Zim's stock came on Monday, when the U.S. and China agreed to mutually slash their initially sky-high mutual tariffs. These were initially enacted by the former, as President Trump moved to realign this country's trading regime with a range of partners.
Image source: Getty Images.
