Stock Track | ZIM Integrated Shipping Plummets 7.63% on Barclays Downgrade and Major Shareholder Selloff
ZIM Integrated Shipping Services Ltd. stock plummeted 7.63% in intraday trading on Monday, following a series of negative developments.Barclays analyst Marco Limite reiterated a "Sell" rating on the company, citing concerns over ZIM's prospects. The negative analyst call weighed heavily on investor sentiment, leading to a sharp sell-off in the stock.Adding to the selling pressure, Idan Ofer, Israel's richest man and a longtime investor in ZIM, announced plans to exit his stake in the company. O