Is this why the Zip share price keeps breaking records?
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The Zip Co Ltd (ASX: ZIP) share price has set a series of fresh multi-year highs in 2024.
Despite closing down 0.96% at $3.11 yesterday on the heels of the US presidential election results, shares in the S&P/ASX 200 Index (ASX: XJO) buy now, pay later (BNPL) stock are up a blistering 660% over the past 12 months.
Indeed, you’d have to go back to January 2022 to find the Zip share price trading any higher.
So, just what’s been sending stock in the BNPL company to regularly break multi-year records?
What’s propelling the Zip share price to almost 3-year highs?
The ASX 200 payments stock still has a long way to go before resetting its closing day high of $12.35 a share, set on 19 February 2021. But the stock…
