Why did the Zip share price just crash 9%?
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Unfortunately, this week’s trading is wrapping up with a whimper as the S&P/ASX 200 Index (ASX: XJO) cops a big sell-off this Thursday. At the time of writing, the ASX 200 has lost a meaty 1.91% and is back down to around 8,150 points.
But let’s talk about what’s happening with the Zip Co Ltd (ASX: ZIP) share price.
If you thought the slide on the broader markets was bad, wait until you see what’s happening with Zip stock. This buy now, pay later (BNPL) share closed at $3.12 yesterday afternoon. But this morning, those same shares opened at just $2.95 before falling to their present $2.88 level. That’s a fall worth 7.7%.
It was even worse earlier today when Zip shares fell as low as $2.84 apiece, a crash…
