How Has Zoom Soared 676% This Year, but Still Costs Only $1?
Zoom Video Communications (NASDAQ: ZM) has had a very good run this year, with its share price climbing from $68.80 on Jan. 2 all the way to $528.10 near the end of October. The reason this tech stock has seen a meteoric rise is obvious: Use of its videoconferencing technology skyrocketed when the coronavirus made in-person meetings verboten.
While there's an argument to be made that Zoom may be overvalued, rising coronavirus cases and Zoom's plans for growth (including expansion into online event hosting) suggest the stock could still be a buy. Unfortunately, with its hefty per-share price tag, some investors without big pocketbooks may fear it's out of their price range.
The good news is that it's still possible to buy your own little piece of Zoom for just $1. Here's how.
Source Fool.com
