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Why Zoom Stock Fell Sharply on Tuesday

TheMotleyFool 
0 0 24.03.20
Why Zoom Stock Fell Sharply on Tuesday
 

Shares of online video conferencing company Zoom Video Communications (NASDAQ: ZM) were hit hard on Tuesday. The stock fell as much as 16.1% and was down 10.3% as of 1 p.m. EDT.

The growth stock's decline follows a huge run-up, suggesting that shares may simply be taking a breather. However, shares may also be down because President Donald Trump suggested on Monday evening that he may soon urge businesses to reopen -- a move that could slow a massive shift to virtual working.

Image source: Getty Images.

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Source Fool.com

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