Why Zoom Stock Soared 33% in May and Is Up 16% in June

Shares of Zoom Video Communications (NASDAQ: ZM), a video-first unified communications platform provider, started June with a bang, gaining 15.7% this week. This follows their 32.8% rise in May, according to data from S&P Global Market Intelligence. In 2020, shares of the hot April 2019 initial public offering (IPO) have tripled.

For context, the S&P 500 returned 5% this week after returning 4.8% last month. For the year, the index is flat.

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Source Fool.com