Shares of Roku Inc. slumped 2.7% in premarket trading Tuesday, after KeyBanc Capital's Justin Patterson backed away from his long-time bullish stance on the streaming platform for TV, citing concerns over market share losses and the need to keep making investments at a time it's trying to save money. Patterson said the his reasons for being bullish, such as outsized growth in connected TV advertising and being a critical platform for media partners, "have not manifested." He cut his rating to se Read More...
Motley Fool
Why ZIM Integrated Shipping Stock Dropped Today
Shares of Israeli container shipping company ZIM Integrated Shipping Services (NYSE: ZIM) tumbled 3.4% through 11:05 a.m. EST Monday — and it’s no huge secret why. Across the shipping world, stocks including ZIM, Costamere, and Danaos Corporation are all sliding today. As multiple media outlets have reported, protests against a government “zero-Covid” policy are spreading across China, threatening both the ruling regime’s stability, the country’s economy, and its ability to produce products that would need container shipping services to reach foreign markets.
