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Why the Zip Co share price sank 11% lower today – Motley Fool Australia
The Zip Co Ltd (ASX:Z1P) share price is out of form on Thursday and dropping notably lower. Here’s why the Zip share price is sinking…
It has been a very disappointing day of trade for the Zip Co Ltd (ASX: Z1P) share price.
In afternoon trade the Afterpay Ltd(ASX: APT) rival’s shares are down 8% to $6.04.
At one stage the Zip share price was down as much as 11% to $5.86.
Why is the Zip share price tumbling lower today?
Investors have been selling the company’s shares on Thursday after they were the subject of a broker note out of UBS.
According to the note, following the release of its fourth quarter update, the investment…
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