Why Zoom Stock Jumped Today
Shares of Zoom Video Communications (NASDAQ: ZM) climbed 5.2% on Tuesday as COVID-19 continues to spread around the world at an alarming rate.
Nearly 7 million Americans have contracted the dangerous disease, and more than 200,000 have died. Worldwide, those figures stand at 31.4 million and 967,000, respectively. Outbreaks in Europe are forcing government officials to consider new lockdown measures. Health experts in the U.S. are warning of an even higher rate of infections as we approach the winter.
"We're only seeing the tip of the iceberg," New York City health official Dr. Syra Madad told CNBC on Tuesday. "We're only nine months into this pandemic."
Source Fool.com
