Why Zoom Video Stock Popped Today

Shares of Zoom Video Communications (NASDAQ: ZM) are rising today as cases of COVID-19 continue to rise and a vaccine rollout appears to be taking longer than expected in the U.S.

The tech stock was up by as much as 7.6% and had gained 5.4% as of 11:58 a.m. EST.

Technology stocks were a haven in 2020 for investors as lockdowns and social distancing forced many people to rely on technology for work and social activities. Perhaps no company benefited more from these social restrictions than Zoom, whose video services have become the preferred tool for video calls.

Source Fool.com