Business
The Zip (ASX:Z1P) share price rocketed 37% higher in January
The Zip Co Ltd (ASX: Z1P) share price was on form in January and surged higher.
In fact, the buy now pay provider’s shares were the best performers on the S&P/ASX 200 Index (ASX: XJO) with a 37.4% gain.
Why did the Zip share price rocket higher in January?
Investors were buying Zip shares in January following the release of its second quarter update.
As you might have guessed from the share price reaction, Zip delivered a very positive update which revealed further strong growth across both its ANZ and US operations.
According to the release, for the three months ended 31 December, Zip delivered a 103% increase in transaction volume to a record of $1.6 billion. From this, the company generated an 88% increase in quarterly…
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