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Is the ticking time bomb of the East Coast port strike about to explode? Shipping companies are adding surcharges to cope with it, and Maersk's stock price is soaring.
1. The B-shares of Maersk, traded in Denmark, once rose by nearly 4.9%, reaching the highest level since August 2, with a cumulative increase of nearly 20% in the past two weeks; 2. Maersk stated that even if the strike in the USA only lasts one week, it may have a huge impact on the supply chain, causing a disruption of four to six weeks.
$100 Invested In This Stock 5 Years Ago Would Be Worth $1,000 Today