ZIM's major shareholder sells two billion dollars worth of stocks.
$ZIM Integrated Shipping (ZIM.US)$Has anyone seen this news? Is there any expert analysis? Such a large volume of sales is likely to lead to a significant drop, could today's sharp rise be a trap to attract more selling?
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70661304
OPpowerful Loris_6427
:
So has the $200 million already been sold, and since I saw that today's transaction volume isn't very high, it will be completed within the next few days? I have been optimistic about ZIM for a long time because this year's market is good, but this makes me very worried about the short term
ben123
:
They won't sell out all of a sudden. If the selling price isn't good, they will stabilize the stock price, find a takeover, and the price will gradually drop, and it will definitely start falling
ColdJoke
:
Nearly 10% of the shares will be sold, which will definitely dispel the idea of institutions raising cars. On the other hand, few people do this... experts seek out an agency for an equity swap, then the agency sells it, and only announces when the two companies swap and end the contract
70661304
OPColdJoke
:
Yes, I was optimistic about how many large orders were traded yesterday, and apparently there was a lot of upward pressure the previous two days, and recent benefits have already been exhausted, so I doubt that the big bookmakers are inducing more shipments. Now it seems to be true.
powerful Loris_6427 : They take profit just temp only
70661304 OP powerful Loris_6427 : So has the $200 million already been sold, and since I saw that today's transaction volume isn't very high, it will be completed within the next few days? I have been optimistic about ZIM for a long time because this year's market is good, but this makes me very worried about the short term
powerful Loris_6427 70661304 OP : Still early mah
powerful Loris_6427 : They need to sleep also right
ben123 : They won't sell out all of a sudden. If the selling price isn't good, they will stabilize the stock price, find a takeover, and the price will gradually drop, and it will definitely start falling
ColdJoke : Nearly 10% of the shares will be sold, which will definitely dispel the idea of institutions raising cars. On the other hand, few people do this... experts seek out an agency for an equity swap, then the agency sells it, and only announces when the two companies swap and end the contract
70661304 OP ColdJoke : Yes, I was optimistic about how many large orders were traded yesterday, and apparently there was a lot of upward pressure the previous two days, and recent benefits have already been exhausted, so I doubt that the big bookmakers are inducing more shipments. Now it seems to be true.
70661304 OP ben123 : Yes, in the short term, you need to take a risk