Why Zoom Video Stock Fell 17% Last Month
Shares of Zoom Video (NASDAQ: ZM), the high-flying videoconferencing IPO stock, were giving back some of their earlier gains last month. The stock lost 17% during September, according to data from S&P Global Market Intelligence, as a solid earnings report was not enough to offset valuation concerns that drove both it and other cloud stocks down over the course of the month.
As you can see from the chart below, the stock plunged following its Sept. 5 earnings report and remained volatile over the rest of the month.
Source Fool.com
