What’s going on with the Zip (ASX:Z1P) share price?

The Zip Co Ltd (ASX: Z1P) share price is on fire once again on Tuesday. At one stage the buy now pay later (BNPL) provider’s shares were up 15% to a record high of $14.53.

When the Zip share price hit that level, it stretched its year to date gain to an incredible 160%. Its shares have since pulled back but are still up a decent 6.5% to $13.48.

Why is the Zip share price charging higher?

Given that there have been no broker notes relating to Zip (that I’m aware of) nor any recent announcements, the meteoric rise in the Zip share price over the last couple of weeks has been a big surprise.

In fact, I’m not the only one that has been questioning this incredible rise. This morning Zip was given a speeding ticket by the…