Zoom Video was ranked sixty fifth on the checklist on the finish of October, earlier than seeing obtain quantity surge through the first week of November, in accordance with information from SimilarWeb.
Zoom Video shares have been buying and selling round $272 on the finish of October. The inventory trended increased at the start of November, buying and selling as excessive as $290 earlier than falling considerably on Friday.
Zoom Video could also be buying and selling decrease Friday in response to constructive information from Pfizer Inc (NYSE: PFE) for its COVID-19 oral antiviral remedy candidate, which has weighed on the distant work outlook.
Associated Hyperlink: Why Zoom Shares Are Falling
Nonetheless, the Apple app retailer tendencies are displaying no indicators of slowing down. In reality, the Zoom Video app has moved up within the app retailer rankings greater than another app within the prime 40 thus far this month.
In the course of the first 5 days of November, the Zoom Video app handed a number of the hottest apps within the Apple app retailer together with Netflix Inc (NASDAQ: NFLX), Coinbase International Inc (NASDAQ: COIN) and Twitter Inc (NYSE: TWTR).
ZM Worth Motion: Zoom Video has traded as excessive as $505.88 and as little as $250.11 over a 52-week interval.
The inventory was down 7.39% at $261.32 at time of publication.
Photograph: courtesy of Zoom Video.
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