Here's Why Zoom Video Communications Stock Rose 12% in January
Shares of Zoom Video Communications (NASDAQ: ZM) happily climbed 12.1% in January, according to data provided by S&P Global Market Intelligence. The rally was sparked after Joshua Brown, CNBC analyst and CEO of Ritholtz Wealth Management, reportedly disclosed that he had bought shares.
Since then, bullish investor sentiment has taken hold, sending shares euphorically higher in February as well. Some see Zoom as a good play as coronavirus fears deepen, since it enables communication but avoids the germ-sharing consequences of face-to-face conversation.
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Source Fool.com
