Business
Why the Zip (ASX:Z1P) share price is crashing 19% lower today – The Motley Fool Australia
Is this why the Zip Co Ltd (ASX:Z1P) share price is crashing a massive 19% lower on Wednesday? Here’s what you need to know…
The meteoric rise of the Zip Co Ltd(ASX: Z1P) share price has come to an abrupt end on Wednesday.
In afternoon trade the buy now pay later provider’s shares are down 15% to $11.83.
This is a slight improvement on earlier in the day when Zip’s shares were down as much as 19% to $11.27.
Why is the Zip share price crashing lower today?
There appear to have been a few potential catalysts for the decline in the Zip share price today. One of those is general weakness in the tech sector.
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