Should You Buy Zoom Stock Right Now?
Since the onset of the coronavirus bear market, there haven't been too many stocks that have been spared from the carnage. The broader markets have lost more than a quarter of their value since mid-February, and that's after the Dow Jones Industrial Average gained more than 11% on Tuesday -- its biggest single-day gain since 1933.
One of the standout performers so far this year has been Zoom Video Communications (NASDAQ: ZM). The cloud-based videoconferencing specialist has bucked the downtrend of the major markets, gaining more than 100% since the beginning of the year and up 32% since the market began its decline on Feb. 19. At the same time, the S&P 500 has fallen 24% and 28%, respectively.
This raises the question: With gains like those and so much baked into the stock price, should investors consider adding Zoom right now?
Source Fool.com
