Why Zoom Stock Soared This Week
Shares of Zoom Video Communications (NASDAQ: ZM) trounced the market this week by rising 23% through 2:45 p.m. ET Friday compared to a 6% increase in the S&P 500, according to data provided by S&P Global Market Intelligence.
The rally erased just a small portion of recent losses for the stock, which remains down nearly 40% so far in 2022. But it reflected rising optimism on the part of investors that Zoom will find a path for growth.
Image source: Getty Images.
Source Fool.com
