Shares of Zoom Video Communications Inc.
It rose 1.59% to $261.50 on Thursday, in what proved to be an overall bleak trading session for the stock market, with the Nasdaq Composite Index
It fell 0.44% to 14,448.58 and the Dow Jones Industrial Average
It fell 1.59% to 33843.92. The stock’s rally cut a two-day losing streak. Zoom Video Communications Inc closed $327.34 off its 52-week high ($588.84), which the company reached on October 19.
The stock outperformed some of its competitors on Thursday, as BCE Inc.
european central bank,
It rose 0.99% to $50.06 and Chunghwa Telecom Ltd. ADR
It fell 2.07% to $39.29. The trading volume (4.7 million) exceeded its 50-day average volume of 4.5 million.