Why Zoom Video Stock Jumped Today
Shares of Zoom Video Communications (NASDAQ: ZM) were up today on news that the Food and Drug Administration and the U.S. Centers for Disease Control and Prevention were recommending that the use of the Johnson & Johnson vaccine be paused. The tech stock had gained 6.1% as of 2:27 p.m. EDT on Tuesday.
The two U.S. agencies released a statement today saying that they were reviewing a handful of instances of severe blood clotting that occurred after six individuals took the Johnson & Johnson vaccine. So far, 6.8 million doses of the vaccine have been administered.
The two groups said that they were recommending the pause "out of an abundance of caution."
Source Fool.com
