Zoom Video was ranked sixty fifth on the record on the finish of October, earlier than seeing obtain quantity surge throughout the primary week of November, based on information from SimilarWeb.
Zoom Video shares had been buying and selling round $272 on the finish of October. The inventory trended larger in the beginning 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
Nevertheless, the Apple app retailer traits are exhibiting no indicators of slowing down. In actual fact, the Zoom Video app has moved up within the app retailer rankings greater than every other app within the high 40 to date this month.
Through 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 World 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.