Posted by: Market Watch in Market Information 12 hours in the past Zoom Video Communications Inc. fell 6.6% in afternoon buying and selling
Zoom Video Communications Inc. fell 6.6% in afternoon buying and selling Friday, to finish a unstable week on a bitter notice. The selloff places the inventory on monitor to endure the largest weekly loss because it went public in April 2019. The inventory began the week by plunging 17.4% on Monday and 9.0% on Tuesday, as hopes for a COVID-19 vaccine triggered a selloff in firms that benefited from stay-at-home tendencies because of the pandemic. The inventory then bounced 9.9% on Wednesday and three.7% on Thursday earlier than falling once more on Friday. In all, the inventory has dropped 20.0% this week. The subsequent largest weekly share decline was 15.8% for the week ended Dec. 6, 2019. As compared, the Nasdaq Composite has slipped 0.9% this week whereas the S&P 500 has gained 1.9%.Market Pulse Tales are Speedy-fire, brief information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra info on this information.
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