Why Shares of Zoom, Pinterest, and Advanced Micro Devices Fell Today
The stocks of Zoom Video Communications (NASDAQ: ZM), Pinterest (NYSE: PINS), and Advanced Micro Devices (NASDAQ: AMD) all fell during morning trading today, as investors continue to dump technology stocks following yesterday's news that Pfizer's vaccine candidate is more than 90% effective.
Shares of Zoom were down 5.5%, Pinterest's stock tumbled 3.8%, and AMD's stock slid 5.4% on the news.
Pfizer released new information about its potential vaccine candidate yesterday that sent shockwaves across the stock market. Some stocks jumped on the positive news, while others fell sharply. Tech stocks, in general, have reacted negatively to the news because they've been somewhat of an investing haven this year.
Source Fool.com
