Why Zoom Video Stock Was Surging Today
Zoom Video Communications (NASDAQ: ZM), the high-flying videoconferencing specialist that's been a winner in the "stay-at-home" economy, was surging again today after it reached another milestone in its user growth. Shares of the tech stock jumped to an all-time high, as Zoom said in a blog post that it reached 300 million daily meeting participants, up from 200 million at the beginning of April and just 10 million before the pandemic.
That news lifted the stock 12% as of 2:48 p.m. EDT.
Image source: Getty Images.
Source Fool.com
