Business
Why has the Zip (ASX:Z1P) share price plunged 6% today?
The Zip Co Ltd (ASX: Z1P) share price is plummeting today and, with no news out today from the buy now, pay later (BNPL) company, investors are scratching their heads.
At the time of writing, the Zip share price is trading at $8.05, down 5.9%.
In comparison, the All Ordinaries Index (ASX: XAO) is also down, but by only 0.3%.
Let’s take a look at the Zip share price’s recent performance to see if we can garner any clues as to what’s caused today’s dramatic drop.
The year that’s been for the BNPL darling
The Zip share price got off to a roaring start on the ASX this year, but its highest point is long behind it now.
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