Zoom – Zoom Video Communications Inc. stock falls Monday, underperforms market
Shares of Zoom Video Communications Inc.
slid 2.15% to $354.20 Monday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index
falling 1.06% to 14,274.98 and Dow Jones Industrial Average
falling 2.09% to 33,962.04. Zoom Video Communications Inc. closed $234.64 below its 52-week high ($588.84), which the company achieved on October 19th.
The stock underperformed when compared to some of its competitors Monday, as BCE Inc.
fell 1.90% to $48.52 and Chunghwa Telecom Co. Ltd. ADR
fell 0.39% to $40.57. Trading volume (7.8 M) eclipsed its 50-day average volume of 3.0 M.