RTTNews | Jun 21, 2021 10:35AM EDT

10:34 Monday, June 21, 2021 (RTTNews.com) - California-based AI-powered recruiting company ZipRecruiter (ZIP) is up 4% in the early trading on Monday. Many brokerages have expressed their positive views on the stock.

After going public on May 26, the company peaked in the market during early June but saw a rapid drop through the next couple of weeks. However, the shares have regained momentum and are on the way up this week.

Currently, the shares are trading at $22.24 after opening at $22.09, up $0.98 or 4.61% from the weekend close at $21.26. In the 52-week period, the shares have ranged between $19.32 and $24.83.

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