Zip share price rockets 19% on full-year earnings upgrade
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The Zip Co Ltd (ASX: ZIP) share price is racing higher today.
Shares in the S&P/ASX 200 Index (ASX: XJO) buy now, pay later (BNPL) stock closed yesterday trading for $2.33. In morning trade on Wednesday, shares surged to $2.76, up 18.5%. After some likely profit-taking, shares are currently changing hands for $2.70 apiece, up 15.9%.
For some context, the ASX 200 is up 0.5% at this same time.
Here’s what’s grabbing ASX investor interest today.
Zip share price leaps on guidance upgrade
Investors are bidding up the Zip share price following this morning’s release of a trading update and guidance upgrade.
Turning to the May trading update first, the company said the month saw continued momentum in…
