Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Zip shares have been travelling up for a while now. There was an article published on being a partner with apple. It was not confirmed. But the share price keeps going up with a crazy amount of shares changing hands. If it was correct would it be buy the rumour sell the fact scenario. What price would it be a sell at.
Hi Wayne,
ZIP has been on a tear of late although its well below its ~$14 levels when irrational exuberance ruled the space. In August this buy now, pay later (BNPL) provider forecast that its transactions in the US would rise by over 30% in FY25 as it signs up more payment providers, making it increasingly easy for US retailers to accept it – growth in the US is key for ZIP.
Zip chief executive Cynthia Scott has said that Apple is a potential partner allowing BNPL services through the iPhone which would be huge for ZIP hence the 1000’s of call options exchanging hands as traders bet on a positive outcome.
We own ZIP in our Emerging Companies Portfolio and are not considering taking profit at this juncture. The momentum for now is strong.
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