ZIM stock has doubled its value between mid-October 2021 and now: here’s where to buy it

The price of ZIM stock has consistently risen since it was listed in January 2021. Its value has increased by 635.44% since January 2021.

Interestingly, the price of ZIM stock kept rising even amid the COVID-19 pandemic period, although the company was incorporated towards the end of the pandemic.

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To help stock traders eying to invest in the ZIM stock, Invezz has created a brief article on what it is and the best places to buy it.

To find out more, please continue reading.

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What is ZIM stock?

ZIM stock is the stock of Zim Integrated Shipping Services Ltd., and it trades on the New York Stock Exchange under the ticker NYSE: ZIM.

In a nutshell, Zim Integrated Shipping Services Ltd., commonly just referred to as ZIM, is a publicly held Israeli international cargo shipping company. It has headquarters in Haifa, Israel, and in Norfolk, Virginia.

ZIM is ranked among the top 20 global shipping companies in the world.

Should I buy the ZIM stock today?

If you want to invest in a shipping company, then the ZIM stock could be a good stock choice.

Nevertheless, the ongoing turmoil in Eastern Europe following the war between Ukraine and Russia could adversely affect the operation of Zim Integrated Shipping Company and thus causing a possible drop in the price of its stock.

ZIM stock price prediction

Analysts and investors project that the ZIM stock could see continued growth for the remaining part of 2022 especially if the situation in Eastern Europe is contained. The short-term projection is that the stock could hit $90 by the end of this month.