My best guess is that most of the relentless selling is due from DAC selling its remaining 5.7 million ZIM share stake at an average price of $39, to raise about $222 million for its own DAC share buybacks, dividend payouts, and debt paydowns.
The increased selling pressure of these 5.7 million ZIM shares would be felt during the initial share sale and then reverberates as the shares find more permanent portfolio homes.$ZIM Integrated Shipping Services Ltd.(ZIM)$
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