Is the SEEK (ASX:SEK) share price in the buy zone?
The SEEK Limited (ASX: SEK) share price was on form again on Tuesday.
The job listings giant’s shares jumped 7% at one stage to reach a record high of $32.92 before closing the day at $31.30.
Why did the SEEK share price hit a record high?
Investors were scrambling to buy the company’s shares yesterday following the release of an update.
That update revealed that all conditions precedent to completion of the Zhaopin transaction have been satisfied. Following its selldown, management intends to return some of the proceeds to shareholders via a 20 cents per share special dividend.
In addition to this, SEEK revealed that its performance has been stronger than expected in FY 2021. As a result, it has upgraded its guidance.