The Zip Co Ltd (ASX: ZIP) share price is continuing to recover on Tuesday, gaining 5.91%.
There's been no news to explain the lift.
Though, it's worth noting the buy now, pay later (BNPL) stock struggled through April, recording a 26% slump for the month despite a last minute 8.9% boost on Friday.
At the time of writing, the Zip share price is $1.17. That's 17% higher than the new 52-week low it struck last week.
For context, the S&P/ASX 200 Index (ASX: XJO) is slipping today. It's currently down 0.1%.
Let's take a look at what might be going on with the BNPL giant on Tuesday.
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What's going on with the Zip share price today?
The Zip share price is in the green once more today, bringing its gains for the last 3 sessions to nearly 16%.
The BNPL stock's gains come as the ASX tech sector outperforms the broader market.
While Zip is technically a constituent of the financial sector, it tends to trade alongside the S&P/ASX 200 Information Technology Index (ASX: XIJ).
Right now, the ASX 200 tech sector is recording a 1.71% gain, with shares in Appen Ltd (ASX: APX), Block Inc (ASX: SQ2), and EML Payments Ltd (ASX: EML) leading the rise.
They're currently up 6.45%, 5.62%, and 5.19% respectively.
The broader technology sector is also gaining. The S&P/ASX All Technology Index (ASX: XTX) is up 1.35% right now.
Unfortunately, today's rise is barely putting a dent in Zip's year to date losses.
The BNPL provider's stock is still trading for 72% less than it was at the start of 2022. It's also 84% lower than it was this time last year.
