It's Not Too Late to Buy Zoom Video
One of this year's biggest gainers is on sale, or at least as close as you can get to a pullback. Zoom Video Communications (NASDAQ: ZM) has become a poster child of sorts for the effects of the coronavirus crisis. It's the videoconferencing platform of choice for businesses, schools, and families that need to communicate with one another but can no longer do it in person.
Zoom stock has nearly doubled in 2020, but it wrapped up Thursday's trading session at its lowest close in two weeks. It has retreated 26% since hitting an intraweek high on Monday. Investors aren't exactly getting in on the ground floor here. The stock is still trading 79% higher in this otherwise brutal year for equities, and it has more than tripled since going public at $36 last April. However, this is a lot like an elevator going up 16 floors before coming back to pick you up on the 12th floor: Opportunity is relative, and that's the absolute truth.
Image source: Zoom Video.
Source Fool.com
