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State Street Increases Stake in Zip Co Ltd.

Story Highlights
  • State Street Bank and its subsidiaries have acquired significant voting power in Zip Co Ltd.
  • This acquisition may impact Zip Co Ltd.’s strategic decisions and market positioning.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
State Street Increases Stake in Zip Co Ltd.

Zip Co Ltd. ( (AU:ZIP) ) has issued an update.

Zip Co Ltd. has announced a significant change in its substantial holders, with State Street Bank and Trust Company and its subsidiaries, including State Street Global Advisors, acquiring a notable voting power in the company. This development may influence Zip Co Ltd.’s strategic decisions and market positioning, potentially impacting its stakeholders and future operations.

More about Zip Co Ltd.

YTD Price Performance: -30.74%

Average Trading Volume: 16,701,394

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$2.68B

For detailed information about ZIP stock, go to TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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