Why Zoom Stock Is Rising Today
Shares of Zoom Video Communications (NASDAQ: ZM) rose today even as the broader market tumbled. Zoom's stock jumped on news that European coronavirus outbreaks could bring more restrictions, which could lead to more use of Zoom's video service.
Zoom's stock gained as much as 6.8% today and was up 6% as of 1:12 p.m. EDT.
The broader market fell today as inventors continued to process news that rising COVID-19 cases across Europe could spur increased restrictions and potential lockdowns. Additionally, many investors are concerned that U.S. lawmakers have failed to agree on more financial assistance for those who have lost their jobs because of the pandemic.
Source Fool.com
