🔴 Zip is trading 7% down on October 13

Zip is trading 7.02% lower at A$2.12 after falling 7.02% on October 13; no clear company-specific catalyst was identified.

• JPMorgan disclosed it ceased to be a substantial holder, but reporting does not establish that it caused the sell-off.
• Zip’s planned US cash-loan product has more than 100,000 customers on its waitlist; this positive update does not explain the decline.
• Australia’s technology sector fell sharply, while the ASX 200 was nearly flat; evidence does not link either to Zip’s move.