– Zoom Video Communications Inc. stock falls Wednesday, underperforms market
Shares of Zoom Video Communications Inc.
shed 0.82% to $279.12 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index
rising 0.82% to 15,161.53 and the Dow Jones Industrial Average
rising 0.68% to 34,814.39. This was the stock’s third consecutive day of losses. Zoom Video Communications Inc. closed $309.72 below its 52-week high ($588.84), which the company reached on October 19th.
The stock underperformed when compared to some of its competitors Wednesday, as BCE Inc.
rose 0.06% to $51.33 and Chunghwa Telecom Co. Ltd. ADR
rose 0.40% to $40.10. Trading volume (4.6 M) eclipsed its 50-day average volume of 4.2 M.