Why Zoom Communications (ZM) Dipped More Than Broader Market Today
In the latest trading session, Zoom Communications (ZM) closed at $79.48, marking a -1.91% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.38%. Meanwhile, the Dow experienced a drop of 0.2%, and the technology-dominated Nasdaq saw a decrease of 0.67%. Heading into today, shares of the video-conferencing company had lost 4.76% over the past month, lagging the Computer and Technology sector's gain of 7.44% and the S&P 500's gain of 4.06%.Market participants will b ...