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Why Shares of ZIM Integrated Shipping Services Are Falling Again Today

Scott Levine, The Motley Fool
·2-min read
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.

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