– Zoom Video Communications Inc. stock underperforms Wednesday when compared to competitors
Shares of Zoom Video Communications Inc.
shed 2.12% to $293.60 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index
falling 0.57% to 15,286.64 and Dow Jones Industrial Average
falling 0.20% to 35,031.07. The stock’s fall snapped a four-day winning streak. Zoom Video Communications Inc. closed $295.24 short of 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 1.15% to $52.77 and Chunghwa Telecom Co. Ltd. ADR
fell 0.15% to $40.12. Trading volume (3.9 M) remained 73,020 below its 50-day average volume of 4.0 M.