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Zip share price plummets 8% despite strong FY 2020 result – Motley Fool Australia

The Zip share price is falling today after releasing its full year results for FY 2020. This follows a 27% rise in Zip shares yesterday.

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The Zip Co Ltd (ASX: Z1P) share price has had a rollercoaster start to the day after the company released its full year financial results for FY 2020. At the commencement of trade, the Zip share price rose sharply to over $10 before a rapid fall saw it drop well below yesterday’s closing price of $9.65.
A year of rapid growth for Zip
Investors are today selling down the Zip share price despite the company reporting a very strong financial result for the 12 months to June 2020. Total revenue fo…

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