$Zip (Z1P.AU)$: Jefferies cuts its target price by 46% to A$1.00 and maintains an underperform rating on the stock. The fall in the value of transactions on buy-now-pay-later provider Zip's platform has Jefferies worried and is among several factors prompting the investment bank to slash its target price on the stock. Shares are last traded at A$1.205. $Brambles Ltd (BXB.AU)$: UBS maintains a buy rating and A$13.00 tar...
Santos Ltd$Santos Ltd (STO.AU)$announced an on-market share buyback worth up to $250 million on Wednesday. Santos Chief Executive Officer Kevin Gallagher stated the goal of this operation is to improve shareholder returns in the face of soaring commodity prices. Furthermore, the operation also accounts for a dividend policy of 10-30% of free cash flow and other shareholder returns in additional share buybacks or dividends of at least 40% of in...
• ASX 200 index closed 0.5% higher, up 36.8 points to 7377.9 • Top gainers: Uniti, Imugene, Zip • Top losers: Fisher & Paykel, Champion Iron, ResMed - moomoo News AU The$S&P/ASX 200 (.XJO.AU)$closed 0.5% higher, up 36.8 points to 7377.9 with the tech sector providing most of the gains via Afterpay's Block Inc. The only sector laggards were materials and energy in giving back a small part of strong gains delivered over 2022. The AS...
The global tech wreck, along with a collapse in buy-now-pay-later stocks locally, has seen$Zip (Z1P.AU)$shares fall towards post-pandemic lows with the stock down roughly 80% in the past year. While the company faces headwinds from higher interest rates and potentially weaker profits from increasing bad debts, the technicals point to a looming bounce for the stock. Although in a primary downtrend, the weekly RSI is heavily oversold, and the signal line is suggesting slowing downside momentum. ...
Zip Stock Forum
The fall in the value of transactions on buy-now-pay-later provider Zip's platform has Jefferies worried and is among several factors prompting the investment bank to slash its target price on the stock.
Shares are last traded at A$1.205.
$Brambles Ltd (BXB.AU)$: UBS maintains a buy rating and A$13.00 tar...
Santos Chief Executive Officer Kevin Gallagher stated the goal of this operation is to improve shareholder returns in the face of soaring commodity prices.
Furthermore, the operation also accounts for a dividend policy of 10-30% of free cash flow and other shareholder returns in additional share buybacks or dividends of at least 40% of in...
• ASX 200 closed 0.6% higher at 7523.4
• Top gainers: $Yancoal Australia Ltd (YAL.AU)$, $Qantas Airways Ltd (QAN.AU)$, $Paladin Energy Ltd (PDN.AU)$
• Top losers: $Bank of Queensland Ltd (BOQ.AU)$, $Zip (Z1P.AU)$, $Ingenia Communities Group (INA.AU)$
- moomoo News AU
Australia's $S&P/ASX 200 (.XJO.AU)$ closed 0.6% higher at 7523.4 after an afternoon rally, and 0....
• ASX 200 closed closed 0.3% higher
• Top gainers: $AVZ Minerals Ltd (AVZ.AU)$, $Paladin Energy Ltd (PDN.AU)$, $Coronado Global Resources Inc (CRN.AU)$
• Top losers: $James Hardie Industries PLC (JHX.AU)$, $Zip (Z1P.AU)$, $Judo Capital Holdings Ltd (JDO.AU)$
- moomoo News AU
Australia's $S&P/ASX 200 (.XJO.AU)$ closed 0.3% higher at 7479.0 amid gains for energy companies.
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• ASX 200 closed 0.4% lower at 7454.0
• Top gainers: $Meridian Energy Ltd (MEZ.AU)$, $Uniti Group Ltd (UWL.AU)$, $BlueScope Steel Ltd (BSL.AU)$
• Top losers: $Imugene Ltd (IMU.AU)$, $Pilbara Minerals Ltd (PLS.AU)$, $Zip (Z1P.AU)$
- moomoo News AU
Australia's $S&P/ASX 200 (.XJO.AU)$ closed 0.4% lower at 7454.0 after a volatile trading day ended with all sectors in the red. Health care sto...
• ASX 200 index bounced 0.47 per cent this session
• Top gainers: $Paladin Energy Ltd (PDN.AU)$, $Zimplats Holdings Ltd (ZIM.AU)$, $Johns Lyng Group Ltd (JLG.AU)$
• Top losers: $Mercury NZ Ltd (MCY.AU)$, $The Star Entertainment Group Ltd (SGR.AU)$, $Zip (Z1P.AU)$
- moomoo News AU
The $S&P/ASX 200 (.XJO.AU)$ bounced 35 points or 0.47 per cent this session, not quit...
• Top gainers: Uniti, Imugene, Zip
• Top losers: Fisher & Paykel, Champion Iron, ResMed
- moomoo News AU
The $S&P/ASX 200 (.XJO.AU)$ closed 0.5% higher, up 36.8 points to 7377.9 with the tech sector providing most of the gains via Afterpay's Block Inc. The only sector laggards were materials and energy in giving back a small part of strong gains delivered over 2022.
The AS...
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