Business
Another day, another Zip (ASX: Z1P) share price record
The Zip Co Ltd (ASX: Z1P) share price has been volatile today as it reached a new record high. The share is currently trading at $10.57.
However, earlier in the day the Zip share price reached a record price of $11.65. This is substantially higher than the previous record of $10.79.
Why is the Zip share price rocketing
The Zip share price is rocketing higher despite no notable announcements out of the company.
Shares in the company have been sparked back into life by the announcement of the company’s quarterly report. In the days following the report, the Zip share price has rocketed more than 82%.
The company reported record metrics across the board with revenue rising by 88% YoY. As a result, Zip Co reported revenue of $102…
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