Zoom Video Communications Inc. stock falls Friday, underperforms market

Shares of Zoom Video Communications Inc. ZM,
slid 2.99% to $ 110.90 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA,
+ 0.40%
rising 0.40% to 34,721.12 and the NASDAQ Composite Index COMP,
falling 1.34% to 13,711.00. This was the stock’s fourth consecutive day of losses. Zoom Video Communications Inc. closed $ 295.58 short of its 52-week high ($ 406.48), which the company achieved on July 7th.

The stock underperformed when compared to some of its competitors Friday, as BCE Inc. BCE,
+ 0.50%
rose 0.50% to $ 58.25 and Chunghwa Telecom Co. Ltd. ADR CHT,
fell 0.05% to $ 44.29. Trading volume (4.0 M) remained 953,894 below its 50-day average volume of 4.9 M.

Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

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