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)

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no_minister
2021-02-26
no_minister
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