– Zoom Video Communications Inc. stock underperforms Monday when compared to competitors
Shares of Zoom Video Communications Inc.
shed 3.73% to $290.24 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average
rising 0.76% to 34,869.63 and the NASDAQ Composite Index
falling 0.07% to 15,105.58. The stock’s fall snapped a two-day winning streak. Zoom Video Communications Inc. closed $298.60 below its 52-week high ($588.84), which the company reached on October 19th.
The stock underperformed when compared to some of its competitors Monday, as BCE Inc.
rose 0.32% to $52.68 and Chunghwa Telecom Co. Ltd. ADR
rose 1.06% to $39.97. Trading volume (4.9 M) eclipsed its 50-day average volume of 4.1 M.