Why Zoom Video Communications Stock Is Tumbling Today
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Shares of videoconferencing specialist Zoom Video Communications (NASDAQ: ZM) are slumping today.
The decline comes in the wake of news that a COVID-19 vaccine from Pfizer and BioNTech prevented over 90% of infections in human trials including tens of thousands of volunteers. Additionally, no serious safety concerns have been identified.
Some investors are betting stocks that benefited from people sheltering at home could now cool off if lockdowns ease amid a successful deployment of vaccines.
Source Fool.com
