Zoom – Zoom Video Communications Inc. stock underperforms Wednesday when compared to competitors
Shares of Zoom Video Communications Inc.
shed 1.80% to $393.91 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index
rising 0.01% to 14,665.06 and the Dow Jones Industrial Average
rising 0.30% to 34,681.79. The stock’s fall snapped a two-day winning streak. Zoom Video Communications Inc. closed $194.93 short of its 52-week high ($588.84), which the company achieved on October 19th.
The stock underperformed when compared to some of its competitors Wednesday, as BCE Inc.
rose 0.45% to $49.60 and Chunghwa Telecom Co. Ltd. ADR
rose 0.89% to $41.00. Trading volume (2.0 M) remained 1.1 million below its 50-day average volume of 3.1 M.