Why Peloton, Zoom, DocuSign, and Other Stay-at-Home Stocks Fell Today
Stay-at-home stocks came under pressure on Friday after investors seemed to focus on an optimistic forecast for a potential end to the coronavirus pandemic.
By the close of trading, shares of Peloton (NASDAQ: PTON), Zoom Video Communications (NASDAQ: ZM), and DocuSign (NASDAQ: DOCU) were down 7.3%, 5.9%, and 3.3%, respectively.
Following Pfizer and BioNTech's report earlier in the week that their coronavirus vaccine candidate could be more than 90% effective at preventing COVID-19, economists at investment bank UBS made the startling prediction that infections in the U.S. could fall close to zero in as little as six months.
Source Fool.com
