IPO Report Card: Zoom Stock Gains 200% in a Volatile Market
Shares of Zoom Video Communications (NASDAQ: ZM) are trading at about $124 at the time of this writing. The stock has returned over 200% in less than a year, compared to a 17% decline for the S&P 500.
Zoom has outperformed several high-profile IPOs in the tech space, including Slack, Uber, and Lyft, that went public in 2019. The company made its debut last April at $36 per share, and the stock closed its first day of trading up 72%.
However, like most other growth stocks, Zoom investors have also experienced a lot of volatility in the past year. Most recently, it closed at a record high of $125 on Mar. 5, on the back of stellar quarterly results, before falling victim to the coronavirus-fueled sell-off. Let's check in on the company's progress and see what potential it offers going forward.
Source Fool.com
