Zoom Video stock heads for longest losing streak on record

Dow Jones2021-02-26

MW Zoom Video stock heads for longest losing streak on record

Zoom Video Communications Inc. shares (ZM) are off 1.6% in Thursday trading, putting the stock on track for its longest losing streak on record, according to Dow Jones Market Data. The stock is down for the seventh day in a row. Zoom and other software stocks have come under pressure in recent days amid a shift toward "reopening" names expected to benefit from an improving economy. Zoom has been one of the biggest winners from the stay-home economy, with its shares up 254% over the past 12 months amid surging interest in videoconferencing software.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

 

$(END)$ Dow Jones Newswires

February 25, 2021 11:33 ET (16:33 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
1