Why Zoom Stock Jumped Today
Shares of Zoom Video Communications (NASDAQ: ZM) climbed 9% on Monday, as COVID-19 case counts surge in the U.S. and around the world.
More than 3.8 million Americans have contracted COVID-19 and over 140,000 have died, according to data compiled by Johns Hopkins University. On a global basis, those figures rise to 14.6 million and 608,000, respectively. With the disease spreading rapidly in many areas, health officials warn that many more people are likely to get sick in the days and months ahead.
Zoom Video Communications' stock rose sharply on Monday. Image source: Getty Images.
Source Fool.com
