– Zoom Video Communications Inc. stock underperforms Wednesday when compared to competitors
Shares of Zoom Video Communications Inc.
shed 0.74% to $337.74 Wednesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index
rising 0.15% to 15,041.86 and the Dow Jones Industrial Average
rising 0.11% to 35,405.50. This was the stock’s second consecutive day of losses. Zoom Video Communications Inc. closed $251.10 below its 52-week high ($588.84), which the company achieved on October 19th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as BCE Inc.
fell 0.08% to $51.36 and Chunghwa Telecom Co. Ltd. ADR
fell 1.83% to $39.74. Trading volume (2.0 M) remained 758,503 below its 50-day average volume of 2.8 M.