Why Shares of ZipRecruiter Stock Are Plummeting This Week
Shares of ZipRecruiter (NYSE: ZIP) have plummeted by as much as 27% this week, according to data from S&P Global Market Intelligence. The online employment marketplace posted a disappointing fourth-quarter earnings result due to a softening white-collar hiring market, with many technology companies reducing hiring plans. As of 10:47 a.m. ET on Friday, Feb. 24, shares of ZipRecruiter are down 26.8% this week.