Why Zoom Stock Fell Today
Shares of Zoom Video Communications (NASDAQ: ZM) fell by as much as 5.2% today, as investors cooled to some market sectors, including tech stocks. The company's share price slide was in line with a broader market dip today, with the S&P 500 down 1.4% in afternoon trading.
Zoom's stock had regained most of the losses by the afternoon, and the company's share price was down less than 1% as of 2:50 p.m. EDT.
Generally speaking, most tech stocks have performed particularly well over the past six months as investors have looked for technology companies that are growing during the coronavirus pandemic. Zoom's video communication service has been a bright spot for investors, as many people have used its service for work, school, and keeping in touch with friends and family.
Source Fool.com
