Why Zoom Video Stock Popped Today
Shares of Zoom Video Communications (NASDAQ: ZM) were rising today as COVID-19 cases in the U.S. and Europe continue to climb. As fears that cases of the disease will increase during the fall and winter, investors have again focused their attention on tech stocks that they believe will be in demand during the pandemic.
Zoom's stock was up by as much as 5.3% today but had gained 3.2% as of 2:15 p.m. EDT.
Technology stocks have been in demand since the pandemic reached the U.S., and investors appear to be continuing that trend with Zoom's share-price bump today. As lockdowns and social distancing have gripped the U.S., Zoom's stock has skyrocketed, rising 750% since the beginning of this year.
Source Fool.com
