Shares of Zoom Video Communications (NASDAQ: ZM) popped today, likely following investors' positive sentiment toward technology stocks and news that a coronavirus variant is spreading.
The video collaboration company's stock was up by as much as 5.6% today and had gained 4.4% as of 4:15 p.m. EDT.
Investors have become generally bullish on technology stocks again following a massive sell-off earlier this year. Zoom's stock has largely followed that trend, with shares skyrocketing 396% in 2020 before pulling back toward the end of the year and into 2021.
Source Fool.com